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

Main Street Capital Co. (NYSE:MAIN) declared a dividend on Wednesday, February 5th,investing.com reports. Stockholders of record on Monday, February 10th will be given a dividend of 0.25 per share by the financial services provider on Friday, February 14th. This represents a dividend yield of 4.91%. The ex-dividend date is Friday, February 7th.

Main Street Capital has increased its dividend 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 $4.01 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 Stock Performance

Main Street Capital stock traded down $0.62 during trading on Wednesday, reaching $61.15. The company had a trading volume of 644,323 shares, compared to its average volume of 510,431. Main Street Capital has a 52 week low of $43.90 and a 52 week high of $62.19. The firm’s 50-day simple moving average is $57.97 and its 200 day simple moving average is $53.19. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 11.08 and a beta of 1.28. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results 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). The business had revenue of $136.82 million during the quarter, compared to analysts’ expectations of $137.57 million. Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. During the same quarter in the previous year, the company posted $1.04 EPS. Sell-side analysts forecast that Main Street Capital will post 4.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley raised their price objective on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.