Main Street Capital Co. (MAIN) To Go Ex-Dividend on February 7th

Main Street Capital Co. (NYSE:MAIN) announced a dividend on Wednesday, February 5th,investing.com reports. Stockholders of record on Monday, February 10th will be given a dividend of 0.25 per share by the financial services provider on Friday, February 14th. This represents a dividend yield of 4.91%. The ex-dividend date of this dividend is Friday, February 7th.

Main Street Capital has increased its dividend payment by an average of 8.6% annually over the last three years. Main Street Capital has a payout ratio of 77.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Main Street Capital to earn $4.01 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 74.8%.

Main Street Capital Trading Down 1.0 %

Shares of NYSE MAIN traded down $0.62 during mid-day trading on Wednesday, hitting $61.15. The company’s stock had a trading volume of 644,323 shares, compared to its average volume of 510,431. The company’s fifty day simple moving average is $57.97 and its 200-day simple moving average is $53.19. Main Street Capital has a one year low of $43.90 and a one year high of $62.19. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 11.08 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, November 7th. The financial services provider reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.02). The firm had revenue of $136.82 million during the quarter, compared to analyst estimates of $137.57 million. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. During the same quarter last year, the business posted $1.04 earnings per share. On average, sell-side analysts anticipate that Main Street Capital will post 4.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, B. Riley lifted their price objective on shares of Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $48.80.

Main Street Capital Company Profile

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.