Main Street Capital Co. (NYSE:MAIN - Get Free Report) declared a monthly dividend on Friday, November 8th,Wall Street Journal reports. Stockholders of record on Friday, March 7th will be paid a dividend of 0.25 per share by the financial services provider on Friday, March 14th. This represents a $3.00 annualized dividend and a dividend yield of 5.78%. The ex-dividend date is Friday, March 7th. This is a boost from Main Street Capital's previous monthly dividend of $0.25.
Main Street Capital has increased its dividend payment by an average of 18.7% per year over the last three years. Main Street Capital has a dividend payout ratio of 74.2% meaning its dividend is sufficiently covered by earnings. 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 Up 0.3 %
NYSE:MAIN traded up $0.13 during mid-day trading on Friday, hitting $51.87. The stock had a trading volume of 448,478 shares, compared to its average volume of 362,373. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.11. Main Street Capital has a twelve month low of $40.25 and a twelve month high of $52.63. The company has a market capitalization of $4.52 billion, a PE ratio of 9.37 and a beta of 1.29. The stock has a 50-day simple moving average of $50.55 and a two-hundred day simple moving average of $50.00.
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 for the quarter, meeting analysts' consensus estimates of $1.01. Main Street Capital had a return on equity of 14.06% and a net margin of 87.58%. The company had revenue of $132.15 million for the quarter, compared to analyst estimates of $132.62 million. During the same quarter in the previous year, the company earned $1.06 EPS. On average, equities research analysts anticipate that Main Street Capital will post 4.12 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. Oppenheimer raised their target price on Main Street Capital from $43.00 to $44.00 and gave the company a "market perform" rating in a research note on Tuesday, August 13th. Royal Bank of Canada reissued an "outperform" rating and issued a $52.00 target price on shares of Main Street Capital in a report on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $48.40.
Read Our Latest Analysis on MAIN
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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