Main Street Capital Corporation (NYSE:MAIN) Shares Set to Pay Quarterly Dividend of $0.30

Main Street Capital Corporation (NYSE:MAIN) announced a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Friday, December 18th will be paid a dividend of $0.30 per share by the financial services provider on Monday, December 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, December 18th.

Main Street Capital has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 4 years. Main Street Capital has a dividend payout ratio of 83.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Main Street Capital to earn $3.81 per share next year, which means the company should continue to be able to cover its $3.18 annual dividend with an expected future payout ratio of 83.5%.

Main Street Capital Stock Performance

Shares of MAIN stock traded up $0.09 during mid-day trading on Tuesday, reaching $56.39. The stock had a trading volume of 590,232 shares, compared to its average volume of 641,325. Main Street Capital has a one year low of $48.95 and a one year high of $65.23. The firm has a market cap of $5.27 billion, a PE ratio of 11.37 and a beta of 0.73. The firm’s 50 day simple moving average is $55.67 and its 200 day simple moving average is $55.54. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.11.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $327.56 million for the quarter, compared to analysts’ expectations of $144.59 million. Main Street Capital had a return on equity of 11.80% and a net margin of 78.49%. On average, analysts forecast that Main Street Capital will post 3.75 EPS for the current year.

About Main Street Capital

Main Street Capital Corporation is a business development company that provides customized debt and equity financing to privately held businesses. The company primarily invests in lower middle-market companies and also makes private loan investments in larger middle-market businesses.

Its investment activities include first-lien, second-lien and subordinated debt, as well as equity investments and other securities. Main Street seeks to provide flexible, long-term capital to support acquisitions, recapitalizations, growth initiatives and other corporate financing needs.