Main Street Capital Corporation (MAIN) to Issue Monthly Dividend of $0.26 on June 15th

Main Street Capital Corporation (NYSE:MAIN) announced a monthly dividend on Monday, February 23rd. Shareholders of record on Monday, June 8th will be paid a dividend of 0.26 per share by the financial services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Monday, June 8th.

Main Street Capital has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Main Street Capital has a payout ratio of 82.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Main Street Capital to earn $3.83 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 81.5%.

Main Street Capital Price Performance

Shares of NYSE:MAIN opened at $51.80 on Friday. Main Street Capital has a fifty-two week low of $48.95 and a fifty-two week high of $67.77. The business has a 50-day moving average of $53.01 and a two-hundred day moving average of $57.33. The stock has a market capitalization of $4.82 billion, a P/E ratio of 10.90 and a beta of 0.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.06 and a quick ratio of 0.06.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.11). The company had revenue of $73.44 million during the quarter, compared to analyst estimates of $145.23 million. Main Street Capital had a return on equity of 12.01% and a net margin of 74.86%. On average, equities research analysts predict that Main Street Capital will post 3.78 EPS for the current fiscal year.

About Main Street Capital

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.