Main Street Capital Co. (MAIN) to Issue Dividend of $0.25 on February 14th

Main Street Capital Co. (NYSE:MAIN) announced a dividend on Thursday, February 6th,investing.com reports. Investors of record on Monday, February 10th will be paid a dividend of 0.25 per share by the financial services provider on Friday, February 14th. This represents a yield of 4.91%. The ex-dividend date of this dividend is Friday, February 7th.

Main Street Capital has increased its dividend payment by an average of 8.6% annually over the last three years. Main Street Capital has a payout ratio of 77.3% indicating that 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 $4.06 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 73.9%.

Main Street Capital Trading Down 0.1 %

Shares of Main Street Capital stock opened at $61.06 on Friday. The stock has a fifty day moving average price of $58.22 and a 200-day moving average price of $53.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The firm has a market cap of $5.38 billion, a PE ratio of 11.06 and a beta of 1.28. Main Street Capital has a 1 year low of $43.90 and a 1 year high of $62.19.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, November 7th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The company had revenue of $136.82 million for the quarter, compared to analysts’ expectations of $137.57 million. During the same quarter last year, the business posted $1.04 EPS. Equities research analysts anticipate that Main Street Capital will post 4.11 EPS for the current year.

Analysts Set New Price Targets

Separately, B. Riley lifted their price target on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $48.80.

About Main Street Capital

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.