Main Street Capital Corporation (NYSE:MAIN) Plans Monthly Dividend of $0.26

Main Street Capital Corporation (NYSE:MAIN) declared a monthly dividend on Monday, November 3rd. Stockholders of record on Friday, February 6th will be paid a dividend of 0.26 per share by the financial services provider on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Friday, February 6th. This is a 2.0% increase from Main Street Capital’s previous monthly dividend of $0.26.

Main Street Capital has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Main Street Capital has a dividend payout ratio of 80.5% 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 $3.06 annual dividend with an expected future payout ratio of 75.4%.

Main Street Capital Trading Down 1.2%

Shares of Main Street Capital stock traded down $0.70 on Wednesday, reaching $56.48. The company had a trading volume of 144,649 shares, compared to its average volume of 560,285. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 9.31 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The firm’s 50-day moving average price is $62.00 and its two-hundred day moving average price is $60.41. Main Street Capital has a 1 year low of $47.00 and a 1 year high of $67.77.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, August 7th. The financial services provider reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. The firm had revenue of $143.97 million during the quarter, compared to analysts’ expectations of $137.23 million. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%. As a group, research analysts predict that Main Street Capital will post 4.11 earnings per share for the current fiscal year.

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.