MSC Income Fund (MSIF) To Go Ex-Dividend on March 2nd

MSC Income Fund (NYSE:MSIF) announced a monthly dividend on Wednesday, November 4th. Shareholders of record on Tuesday, March 2nd will be paid a dividend of $0.11 per share on Tuesday, March 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, March 2nd.

MSC Income Fund Trading Down 0.5%

MSIF opened at $12.28 on Friday. The stock has a market capitalization of $578.75 million and a PE ratio of 5.74. MSC Income Fund has a 1-year low of $10.80 and a 1-year high of $14.46. The firm has a 50-day moving average price of $12.09 and a two-hundred day moving average price of $12.14.

MSC Income Fund (NYSE:MSIF) last announced its earnings results 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).

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MSIF. UBS Group lowered their price target on shares of MSC Income Fund from $13.50 to $12.50 and set a “neutral” rating for the company in a report on Tuesday, September 1st. Truist Financial boosted their price objective on shares of MSC Income Fund from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Oppenheimer assumed coverage on MSC Income Fund in a report on Monday, October 26th. They set an “outperform” rating and a $15.00 price objective on the stock. Finally, Zacks Research raised MSC Income Fund from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $14.10.

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.