Main Street Capital (NYSE:MAIN) announced a monthly dividend on Tuesday, February 20th, Zacks reports. Stockholders of record on Wednesday, March 21st will be paid 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 dividend yield of 6.11%. The ex-dividend date of this dividend is Tuesday, March 20th.
Main Street Capital has increased its dividend by an average of 3.9% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Main Street Capital has a dividend payout ratio of 97.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Main Street Capital to earn $2.52 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 90.5%.
Shares of NYSE MAIN opened at $37.30 on Friday. Main Street Capital has a 52 week low of $34.37 and a 52 week high of $41.79. The stock has a market capitalization of $2,189.75, a PE ratio of 15.61 and a beta of 0.93. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.21.
Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $55.80 million during the quarter, compared to analysts’ expectations of $53.17 million. During the same period last year, the business earned $0.57 earnings per share. Main Street Capital’s revenue was up 19.2% compared to the same quarter last year. equities research analysts predict that Main Street Capital will post 2.44 EPS for the current fiscal year.
MAIN has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Main Street Capital from a “buy” rating to a “hold” rating in a research report on Tuesday. B. Riley assumed coverage on shares of Main Street Capital in a research report on Tuesday, March 27th. They set a “buy” rating and a $40.00 price target for the company. National Securities raised shares of Main Street Capital from a “sell” rating to a “neutral” rating and raised their price objective for the company from $33.00 to $35.00 in a research note on Monday, February 26th. Finally, ValuEngine lowered shares of Main Street Capital from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. One investment analyst has 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 has an average rating of “Hold” and a consensus target price of $39.15.
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About Main Street Capital
Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.
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