Main Street Capital Corporation (MAIN) to Distribute Monthly Dividend of $0.27 on August 14th

Main Street Capital Corporation (NYSE:MAIN) announced a monthly dividend on Monday, May 4th. Shareholders of record on Friday, August 7th will be given a dividend of 0.265 per share by the financial services provider on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Friday, August 7th. This is a 1.9% increase from Main Street Capital’s previous monthly dividend of $0.26.

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 annually for the last 4 consecutive years. Main Street Capital has a 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 fall. Analysts expect Main Street Capital to earn $3.87 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 82.2%.

Main Street Capital Trading Up 2.5%

MAIN opened at $57.14 on Wednesday. Main Street Capital has a one year low of $48.95 and a one year high of $67.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.06 and a current ratio of 0.06. The business’s 50 day moving average price is $52.41 and its 200 day moving average price is $55.17. The stock has a market capitalization of $5.31 billion, a PE ratio of 12.03 and a beta of 0.71.

Main Street Capital (NYSE:MAIN) last announced its earnings results on Thursday, May 7th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.11). Main Street Capital had a net margin of 74.86% and a return on equity of 12.01%. The firm had revenue of $73.44 million during the quarter, compared to analysts’ expectations of $145.23 million. As a group, equities research analysts expect that Main Street Capital will post 3.79 EPS for the current year.

About Main Street Capital

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.