Main Street Capital Co. (NYSE:MAIN - Get Free Report) declared a monthly dividend on Thursday, November 7th,investing.com reports. Stockholders of record on Friday, March 7th will be paid a dividend of 0.245 per share by the financial services provider on Friday, March 14th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend is Friday, March 7th.
Main Street Capital has raised its dividend by an average of 18.7% per year over the last three years. Main Street Capital has a payout ratio of 74.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Main Street Capital to earn $3.91 per share next year, which means the company should continue to be able to cover its $2.94 annual dividend with an expected future payout ratio of 75.2%.
Main Street Capital Stock Performance
Shares of MAIN stock traded up $0.19 during midday trading on Thursday, hitting $51.74. The company had a trading volume of 401,658 shares, compared to its average volume of 361,952. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 9.63 and a beta of 1.29. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.07 and a quick ratio of 0.07. The company's 50 day simple moving average is $50.50 and its 200 day simple moving average is $49.99. Main Street Capital has a 52-week low of $39.94 and a 52-week high of $52.62.
Main Street Capital (NYSE:MAIN - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01. The company had revenue of $132.15 million for the quarter, compared to analysts' expectations of $132.62 million. Main Street Capital had a net margin of 87.58% and a return on equity of 14.06%. During the same period in the previous year, the company posted $1.06 EPS. Research analysts anticipate that Main Street Capital will post 4.12 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on MAIN shares. Royal Bank of Canada restated an "outperform" rating and issued a $52.00 price objective on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer upped their price objective on Main Street Capital from $43.00 to $44.00 and gave the stock a "market perform" rating in a report on Tuesday, August 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Main Street Capital currently has a consensus rating of "Hold" and a consensus target price of $48.40.
Check Out Our Latest Research Report on Main Street Capital
Main Street Capital Company Profile
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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.
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