Main Street Capital Co. (NYSE:MAIN) to Issue $0.25 Monthly Dividend

Main Street Capital Co. (NYSE:MAIN - Get Free Report) announced a monthly dividend on Thursday, February 27th, Wall Street Journal reports. Stockholders of record on Friday, June 6th will be given a dividend of 0.25 per share by the financial services provider on Friday, June 13th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date is Friday, June 6th.

Main Street Capital has raised its dividend by an average of 8.6% per year over the last three years. Main Street Capital has a payout ratio of 77.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Research analysts expect Main Street Capital to earn $4.06 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 73.9%.

Main Street Capital Price Performance

MAIN traded down $0.27 on Monday, reaching $60.53. The company had a trading volume of 698,257 shares, compared to its average volume of 393,016. The company has a market capitalization of $5.34 billion, a P/E ratio of 10.97 and a beta of 1.28. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $60.00 and a 200-day moving average of $54.62. Main Street Capital has a one year low of $45.00 and a one year high of $63.32.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The financial services provider reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.08 by ($0.06). The company had revenue of $140.44 million for the quarter, compared to analyst estimates of $141.40 million. Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. As a group, equities research analysts anticipate that Main Street Capital will post 4.11 earnings per share for the current year.

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Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MAIN. Truist Financial upped their price target on shares of Main Street Capital from $52.00 to $62.00 and gave the company a "hold" rating in a report on Monday. B. Riley raised their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a "neutral" rating in a report on Monday, November 11th.

Main Street Capital Company Profile

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.