MVC Capital, Inc. (NYSE:MVC) announced a quarterly dividend on Monday, April 15th, Wall Street Journal reports. Investors of record on Tuesday, April 23rd will be given a dividend of 0.15 per share by the investment management company on Tuesday, April 30th. This represents a $0.60 dividend on an annualized basis and a yield of 6.55%. The ex-dividend date of this dividend is Monday, April 22nd.

MVC Capital has raised its dividend payment by an average of 3.6% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. MVC Capital has a payout ratio of 260.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect MVC Capital to earn $0.43 per share next year, which means the company may not be able to cover its $0.60 annual dividend with an expected future payout ratio of 139.5%.

MVC Capital stock traded down $0.09 during mid-day trading on Monday, reaching $9.16. 12,003 shares of the company’s stock traded hands, compared to its average volume of 13,091. The company has a market cap of $162.76 million, a price-to-earnings ratio of 45.78 and a beta of 0.77. The company has a quick ratio of 10.30, a current ratio of 10.30 and a debt-to-equity ratio of 0.52. MVC Capital has a 12-month low of $7.96 and a 12-month high of $10.16.

MVC Capital (NYSE:MVC) last released its quarterly earnings results on Monday, January 14th. The investment management company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.04). The business had revenue of $5.97 million for the quarter. MVC Capital had a negative net margin of 60.27% and a positive return on equity of 1.19%. On average, equities research analysts anticipate that MVC Capital will post 0.38 earnings per share for the current fiscal year.

Separately, Maxim Group reaffirmed a “buy” rating and set a $11.00 price target on shares of MVC Capital in a research note on Wednesday, March 13th.

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MVC Capital Company Profile

MVC Capital, Inc is a business development company specializing in equity, acquisition financing, mezzanine financing, management buyouts, leveraged buildups, corporate partnerships, PIPE transactions, going private transactions, private company recapitalizations, operational turnarounds, and growth and expansion capital transaction financing.

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Dividend History for MVC Capital (NYSE:MVC)

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