Main Street Capital Co. (NYSE:MAIN – Get Free Report) announced a monthly dividend on Monday, August 5th, NASDAQ reports. Investors of record on Tuesday, October 8th will be paid a dividend of 0.30 per share by the financial services provider on Tuesday, October 15th. This represents a $3.60 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date of this dividend is Tuesday, October 8th.
Main Street Capital has raised its dividend payment by an average of 18.7% annually over the last three years. Main Street Capital has a dividend payout ratio of 74.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Main Street Capital to earn $3.98 per share next year, which means the company should continue to be able to cover its $2.94 annual dividend with an expected future payout ratio of 73.9%.
Main Street Capital Stock Up 0.8 %
MAIN stock opened at $51.02 on Monday. The company has a market capitalization of $4.37 billion, a P/E ratio of 9.31 and a beta of 1.30. Main Street Capital has a 12 month low of $37.70 and a 12 month high of $52.39. The firm’s fifty day simple moving average is $49.57 and its 200-day simple moving average is $49.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.07 and a quick ratio of 0.07.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on MAIN shares. Oppenheimer lifted their target price on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Main Street Capital in a research report on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Main Street Capital has an average rating of “Hold” and an average price target of $48.40.
Get Our Latest Stock Analysis on MAIN
About Main Street Capital
Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.
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