Main Street Capital Corporation (MAIN) To Go Ex-Dividend on October 8th

Main Street Capital Corporation (NYSE:MAIN) declared a quarterly dividend on Monday, August 4th, investing.com reports. Shareholders of record on Wednesday, October 8th will be paid a dividend of 0.30 per share by the financial services provider on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, October 8th.

Main Street Capital has a dividend payout ratio of 78.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Main Street Capital to earn $4.06 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 73.9%.

Main Street Capital Stock Performance

MAIN stock opened at $62.98 on Monday. The business’s fifty day moving average is $65.14 and its 200-day moving average is $59.81. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The company has a market cap of $5.63 billion, a P/E ratio of 10.38 and a beta of 0.87. Main Street Capital has a twelve month low of $47.00 and a twelve month high of $67.77.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%.The business had revenue of $143.97 million for the quarter, compared to the consensus estimate of $137.23 million. Equities research analysts forecast that Main Street Capital will post 4.11 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on MAIN. Weiss Ratings restated a “buy (b)” rating on shares of Main Street Capital in a report on Saturday, September 27th. Royal Bank Of Canada upped their price target on shares of Main Street Capital from $52.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Truist Financial boosted their price objective on shares of Main Street Capital from $54.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, August 11th. Zacks Research raised shares of Main Street Capital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, UBS Group restated a “neutral” rating and issued a $58.00 target price (up previously from $56.00) on shares of Main Street Capital in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.20.

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.