Main Street Capital Corporation (MAIN) To Go Ex-Dividend on February 5th

Main Street Capital Corporation (NYSE:MAIN) declared a monthly dividend on Monday, November 2nd. Stockholders of record on Friday, February 5th will be paid a dividend of $0.27 per share by the financial services provider on Friday, February 12th. This represents a $3.24 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, February 5th.

Main Street Capital has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 4 years. Main Street Capital has a dividend payout ratio of 83.7% meaning 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 $3.81 per share next year, which means the company should continue to be able to cover its $3.18 annual dividend with an expected future payout ratio of 83.5%.

Main Street Capital Stock Up 0.2%

NYSE:MAIN opened at $56.39 on Wednesday. The firm has a market cap of $5.27 billion, a P/E ratio of 14.22 and a beta of 0.73. The firm has a 50-day simple moving average of $55.61 and a two-hundred day simple moving average of $55.51. Main Street Capital has a fifty-two week low of $48.95 and a fifty-two week high of $65.23. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.05 and a current ratio of 0.05.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, August 6th. The financial services provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $327.56 million during the quarter, compared to analyst estimates of $144.59 million. Main Street Capital had a return on equity of 11.80% and a net margin of 78.49%. Analysts predict that Main Street Capital will post 3.75 earnings per share for the current fiscal year.

About Main Street Capital

Main Street Capital Corporation is a business development company that provides customized debt and equity financing to privately held businesses. The company primarily invests in lower middle-market companies and also makes private loan investments in larger middle-market businesses.

Its investment activities include first-lien, second-lien and subordinated debt, as well as equity investments and other securities. Main Street seeks to provide flexible, long-term capital to support acquisitions, recapitalizations, growth initiatives and other corporate financing needs.