Main Street Capital Co. (NYSE:MAIN) Announces Dividend of $0.30

Main Street Capital Co. (NYSE:MAIN) announced a dividend on Tuesday, November 5th,NASDAQ Dividends reports. Investors of record on Friday, December 20th will be paid a dividend of 0.30 per share by the financial services provider on Friday, December 27th. The ex-dividend date is Friday, December 20th.

Main Street Capital has raised its dividend payment by an average of 18.7% annually over the last three years. Main Street Capital has a payout ratio of 74.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Main Street Capital to earn $4.01 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 74.8%.

Main Street Capital Price Performance

MAIN opened at $55.76 on Wednesday. The firm has a market capitalization of $4.92 billion, a PE ratio of 10.07 and a beta of 1.30. The business’s 50-day moving average is $53.00 and its two-hundred day moving average is $51.00. Main Street Capital has a 1 year low of $42.53 and a 1 year high of $55.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08.

Wall Street Analysts Forecast Growth

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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.