MSC Income Fund Plans Monthly Dividend of $0.11 (NYSE:MSIF)

MSC Income Fund (NYSE:MSIF) announced a monthly dividend on Wednesday, August 5th. Stockholders of record on Friday, October 2nd will be paid a dividend of 0.11 per share on Friday, October 9th. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend is Friday, October 2nd.

MSC Income Fund Price Performance

MSIF stock traded up $0.30 during mid-day trading on Thursday, reaching $11.77. 407,938 shares of the stock traded hands, compared to its average volume of 324,237. The company has a 50-day simple moving average of $11.58. MSC Income Fund has a one year low of $10.80 and a one year high of $15.14. The firm has a market cap of $555.13 million and a PE ratio of -3,568.96.

MSC Income Fund (NYSE:MSIF) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05).

Analysts Set New Price Targets

MSIF has been the topic of several recent research reports. UBS Group dropped their price objective on shares of MSC Income Fund from $14.00 to $13.50 and set a “neutral” rating on the stock in a report on Monday, May 18th. Truist Financial decreased their target price on MSC Income Fund from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Royal Bank Of Canada reduced their target price on MSC Income Fund from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, June 4th. Zacks Research upgraded shares of MSC Income Fund from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Finally, B. Riley Financial began coverage on MSC Income Fund in a report on Thursday, June 18th. They issued a “buy” rating and a $13.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.88.

MSC Income Fund (NYSE: MSIF) is a publicly traded investment company listed on the New York Stock Exchange that aims to provide shareholders with current income and the potential for capital appreciation through a diversified portfolio of income-producing assets. The fund offers investors a single vehicle to gain exposure to a variety of yield-generating securities managed under a unified investment strategy.

The fund’s portfolio strategy emphasizes a broad approach to income generation, with allocations that can include fixed-income instruments and other income-oriented securities.