Main Street Capital Corporation (NYSE:MAIN) announced a monthly dividend on Wednesday, August 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, November 21st will be paid a dividend of 0.19 per share by the financial services provider on Friday, December 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Monday, November 20th.
Main Street Capital Corporation has raised its dividend by an average of 5.4% per year over the last three years and has raised its dividend every year for the last 6 years. Main Street Capital Corporation has a payout ratio of 97.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Main Street Capital Corporation to earn $2.36 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 96.6%.
Shares of Main Street Capital Corporation (NYSE:MAIN) opened at $41.04 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a market cap of $2,384.34, a PE ratio of 17.77 and a beta of 1.02. Main Street Capital Corporation has a 1-year low of $35.25 and a 1-year high of $41.79.
Main Street Capital Corporation (NYSE:MAIN) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $51.79 million for the quarter, compared to the consensus estimate of $50.89 million. Main Street Capital Corporation had a net margin of 79.87% and a return on equity of 10.14%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 EPS. sell-side analysts forecast that Main Street Capital Corporation will post 2.33 earnings per share for the current year.
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A number of brokerages have recently issued reports on MAIN. Zacks Investment Research downgraded shares of Main Street Capital Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Raymond James Financial, Inc. upgraded shares of Main Street Capital Corporation from an “underperform” rating to a “market perform” rating in a research note on Tuesday, November 7th. National Securities reiterated a “sell” rating and issued a $33.00 price objective on shares of Main Street Capital Corporation in a research note on Monday, November 6th. BidaskClub upgraded shares of Main Street Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, ValuEngine upgraded shares of Main Street Capital Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.15.
Main Street Capital Corporation Company Profile
Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.
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