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

Main Street Capital Corporation (NYSE:MAIN) announced 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) dividend on an annualized basis and a dividend 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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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

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

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

Analysts Set New Price Targets

MAIN has been the topic of several recent analyst reports. Zacks Research raised Main Street Capital from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 20th. UBS Group reissued a “neutral” rating and issued a $58.00 target price (up from $56.00) on shares of Main Street Capital in a research note on Wednesday, July 16th. Truist Financial lifted their price objective on Main Street Capital from $54.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, August 11th. Royal Bank Of Canada lifted their price objective on Main Street Capital from $52.00 to $67.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Main Street Capital in a research report on Saturday, September 27th. One investment 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $61.20.

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.