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

MSC Income Fund (NYSE:MSIF) announced a monthly dividend on Wednesday, November 4th. Shareholders of record on Tuesday, February 2nd will be paid a dividend of $0.11 per share on Tuesday, February 9th. This represents a $1.32 dividend on an annualized basis and a yield of 10.8%. The ex-dividend date of this dividend is Tuesday, February 2nd.

MSC Income Fund Price Performance

Shares of MSIF stock traded down $0.07 during trading hours on Thursday, reaching $12.28. 188,869 shares of the company’s stock were exchanged, compared to its average volume of 287,036. The company has a market cap of $578.75 million and a P/E ratio of 5.74. The company’s 50 day moving average is $12.10 and its two-hundred day moving average is $12.14. MSC Income Fund has a 1 year low of $10.80 and a 1 year high of $14.46.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Riverbridge Partners LLC grew its stake in shares of MSC Income Fund by 71.4% in the third quarter. Riverbridge Partners LLC now owns 197,050 shares of the company’s stock valued at $2,319,000 after buying an additional 82,105 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in MSC Income Fund by 8.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 27,194 shares of the company’s stock worth $320,000 after acquiring an additional 2,221 shares during the period. Sanders Morris Harris LLC grew its position in MSC Income Fund by 28.5% in the third quarter. Sanders Morris Harris LLC now owns 2,908,143 shares of the company’s stock valued at $35,525,000 after acquiring an additional 644,717 shares in the last quarter. Confluence Investment Management LLC lifted its position in shares of MSC Income Fund by 1.6% during the third quarter. Confluence Investment Management LLC now owns 55,294 shares of the company’s stock worth $651,000 after purchasing an additional 872 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of MSC Income Fund during the second quarter worth $131,000.

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.