Main Street Capital Corporation (MAIN) To Go Ex-Dividend on October 8th

Main Street Capital Corporation (NYSE:MAIN) declared a quarterly dividend on Monday, August 4th, investing.com reports. Investors of record on Wednesday, October 8th will be paid a dividend of 0.30 per share by the financial services provider on Wednesday, October 15th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, October 8th.

Main Street Capital has a dividend payout ratio of 78.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Price Performance

Shares of NYSE:MAIN opened at $62.98 on Monday. The company has a market capitalization of $5.63 billion, a PE ratio of 10.38 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a fifty day moving average of $65.14 and a 200-day moving average of $59.81. Main Street Capital has a one year low of $47.00 and a one year high of $67.77.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $143.97 million during the quarter, compared to the consensus estimate of $137.23 million. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. As a group, equities analysts anticipate that Main Street Capital will post 4.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on MAIN. B. Riley boosted their price target on shares of Main Street Capital from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, August 18th. Royal Bank Of Canada raised their price target on Main Street Capital from $52.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. UBS Group reissued a “neutral” rating and issued a $58.00 price target (up previously from $56.00) on shares of Main Street Capital in a research note on Wednesday, July 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Main Street Capital in a research report on Saturday, September 27th. Finally, Wall Street Zen raised Main Street Capital from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Main Street Capital currently has an average rating of “Moderate Buy” and a consensus price target of $61.20.

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.