Main Street Capital Corporation (NYSE:MAIN) Declares $0.30 Quarterly Dividend

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 given 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 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 tumble. 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 firm has a market cap of $5.63 billion, a price-to-earnings ratio of 10.38 and a beta of 0.87. The firm has a fifty day moving average price of $65.14 and a 200 day moving average price of $59.81. Main Street Capital has a fifty-two week low of $47.00 and a fifty-two week high of $67.77. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09.

Main Street Capital (NYSE:MAIN) last posted its 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. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. The firm had revenue of $143.97 million during the quarter, compared to analyst estimates of $137.23 million. As a group, sell-side analysts expect that Main Street Capital will post 4.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on MAIN. UBS Group reiterated a “neutral” rating and issued a $58.00 price target (up previously from $56.00) on shares of Main Street Capital in a research report on Wednesday, July 16th. B. Riley raised their price target on Main Street Capital from $60.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Zacks Research upgraded shares of Main Street Capital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 20th. Weiss Ratings restated a “buy (b)” rating on shares of Main Street Capital in a report on Saturday, September 27th. Finally, Wall Street Zen raised shares of Main Street Capital from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.