MSC Income Fund (NYSE:MSIF) Stock to Pay Monthly Dividend of $0.11

MSC Income Fund (NYSE:MSIF) declared a monthly dividend on Wednesday, November 4th. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.11 per share on Monday, January 11th. This represents a $1.32 dividend on an annualized basis and a yield of 10.8%. The ex-dividend date is Thursday, December 31st.

MSC Income Fund Price Performance

Shares of NYSE MSIF traded down $0.07 during mid-day trading on Thursday, reaching $12.28. 188,869 shares of the company’s stock were exchanged, compared to its average volume of 287,036. The firm has a 50-day moving average price of $12.10 and a two-hundred day moving average price of $12.14. The firm has a market capitalization of $578.75 million and a price-to-earnings ratio of 5.74. MSC Income Fund has a 52 week low of $10.80 and a 52 week high of $14.46.

MSC Income Fund (NYSE:MSIF) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01).

MSC Income Fund (NYSE: MSIF) is a business development company that invests in privately held, primarily U.S.-based businesses. The fund seeks to provide capital to lower middle-market companies that may have limited access to traditional financing sources.

Its investment activities generally include providing senior secured loans, subordinated debt and other forms of financing, along with selective equity investments. MSC Income Fund works with portfolio companies across a range of industries and may support acquisitions, recapitalizations, growth initiatives and other corporate financing needs.

The fund is externally managed by MSC Adviser I, LLC, an affiliate of Main Street Capital Corporation.