Main Street Capital Co. (NYSE:MAIN) Plans $0.25 Monthly Dividend

Main Street Capital Co. (NYSE:MAIN) declared a monthly dividend on Thursday, November 7th,investing.com reports. Shareholders of record on Friday, March 7th will be given a dividend of 0.245 per share by the financial services provider on Friday, March 14th. This represents a $2.94 annualized dividend and a yield of 5.68%. The ex-dividend date of this dividend is Friday, March 7th.

Main Street Capital has raised its dividend by an average of 18.7% per year over the last three years. Main Street Capital has a dividend payout ratio of 74.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Main Street Capital to earn $3.91 per share next year, which means the company should continue to be able to cover its $2.94 annual dividend with an expected future payout ratio of 75.2%.

Main Street Capital Trading Up 0.4 %

MAIN opened at $51.74 on Friday. The firm has a market capitalization of $4.51 billion, a PE ratio of 9.67 and a beta of 1.29. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.07 and a quick ratio of 0.07. Main Street Capital has a fifty-two week low of $39.94 and a fifty-two week high of $52.62. The company’s 50-day moving average is $50.55 and its 200 day moving average is $50.00.

Main Street Capital (NYSE:MAIN) last posted its earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.01. Main Street Capital had a return on equity of 14.06% and a net margin of 87.58%. The company had revenue of $132.15 million for the quarter, compared to analyst estimates of $132.62 million. During the same quarter last year, the company earned $1.06 earnings per share. As a group, research analysts predict that Main Street Capital will post 4.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MAIN has been the topic of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Main Street Capital in a research note on Wednesday, August 14th. Oppenheimer boosted their price target on shares of Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $48.40.

Main Street Capital Company Profile

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.