Main Street Capital Corporation (NYSE:MAIN) Announces Monthly Dividend of $0.26

Main Street Capital Corporation (NYSE:MAIN) announced a monthly dividend on Tuesday, February 24th. Stockholders of record on Monday, June 8th will be given a dividend of 0.26 per share by the financial services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Monday, June 8th.

Main Street Capital has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Main Street Capital has a dividend payout ratio of 82.1% meaning 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 $3.12 annual dividend with an expected future payout ratio of 76.8%.

Main Street Capital Stock Up 1.6%

Shares of Main Street Capital stock traded up $0.93 during trading on Tuesday, hitting $57.71. 601,467 shares of the stock traded hands, compared to its average volume of 550,143. The stock has a market cap of $5.17 billion, a P/E ratio of 9.57 and a beta of 0.80. The company has a fifty day moving average price of $61.33 and a two-hundred day moving average price of $61.41. Main Street Capital has a twelve month low of $47.00 and a twelve month high of $67.77. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.06 and a current ratio of 0.06.

Wall Street Analyst Weigh In

Several analysts have commented on MAIN shares. Wall Street Zen raised shares of Main Street Capital from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Citigroup reiterated an “outperform” rating on shares of Main Street Capital in a report on Tuesday, January 27th. Loop Capital upgraded Main Street Capital to a “neutral” rating and set a $65.00 target price on the stock in a report on Thursday, January 15th. Royal Bank Of Canada reduced their price target on Main Street Capital from $67.00 to $66.00 and set an “outperform” rating for the company in a research report on Tuesday, December 9th. Finally, Noble Financial reissued a “neutral” rating on shares of Main Street Capital in a report on Thursday, January 15th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Main Street Capital has an average rating of “Hold” and an average price target of $61.71.

Main Street Capital Company Profile

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.