Main Street Capital Co. (NYSE:MAIN) announced a monthly dividend on Tuesday, February 20th, Zacks reports. Shareholders of record on Wednesday, March 21st will be given a dividend of 0.19 per share by the financial services provider on Monday, April 16th. This represents a $2.28 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date is Tuesday, March 20th.
Main Street Capital has increased its dividend by an average of 3.9% per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Main Street Capital has a payout ratio of 97.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Main Street Capital to earn $2.48 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 91.9%.
Shares of Main Street Capital (MAIN) opened at $37.05 on Thursday. Main Street Capital has a 12-month low of $34.37 and a 12-month high of $41.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market cap of $2,150.00, a P/E ratio of 12.39 and a beta of 0.96.
Main Street Capital (NYSE:MAIN) last released its earnings results on Thursday, February 22nd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. Main Street Capital had a net margin of 82.93% and a return on equity of 10.34%. The company had revenue of $55.80 million during the quarter, compared to the consensus estimate of $53.17 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The company’s revenue was up 19.2% compared to the same quarter last year. equities analysts expect that Main Street Capital will post 2.42 earnings per share for the current year.
A number of equities research analysts have issued reports on MAIN shares. Zacks Investment Research upgraded shares of Main Street Capital from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Friday, January 5th. ValuEngine downgraded shares of Main Street Capital from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Finally, National Securities upgraded shares of Main Street Capital from a “sell” rating to a “neutral” rating and increased their target price for the stock from $33.00 to $35.00 in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Main Street Capital has an average rating of “Hold” and a consensus target price of $39.58.
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Main Street Capital 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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