Main Street Capital Co. (NYSE:MAIN) to Issue Dividend of $0.30

Main Street Capital Co. (NYSE:MAINGet Free Report) declared a dividend on Thursday, June 20th, investing.com reports. Stockholders of record on Monday, June 24th will be given a dividend of 0.30 per share by the financial services provider on Thursday, June 27th. This represents a dividend yield of 7.55%. The ex-dividend date is Friday, June 21st.

Main Street Capital has raised its dividend payment by an average of 18.7% annually over the last three years. Main Street Capital has a dividend payout ratio of 74.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Main Street Capital to earn $3.93 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 74.8%.

Main Street Capital Trading Up 0.0 %

NYSE MAIN traded up $0.01 on Thursday, reaching $49.76. 457,811 shares of the company were exchanged, compared to its average volume of 361,819. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. Main Street Capital has a fifty-two week low of $37.70 and a fifty-two week high of $51.10. The business’s fifty day moving average price is $48.91 and its 200 day moving average price is $46.24. The stock has a market capitalization of $4.27 billion, a P/E ratio of 9.08 and a beta of 1.28.

Main Street Capital (NYSE:MAINGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The financial services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.02. Main Street Capital had a return on equity of 14.83% and a net margin of 89.11%. The company had revenue of $131.61 million during the quarter, compared to analyst estimates of $128.00 million. During the same period in the prior year, the business posted $1.02 earnings per share. Analysts forecast that Main Street Capital will post 4.06 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on MAIN. Oppenheimer boosted their price objective on shares of Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a report on Monday, February 26th. Royal Bank of Canada boosted their price target on shares of Main Street Capital from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Truist Financial upped their price objective on shares of Main Street Capital from $45.00 to $52.00 and gave the stock a “hold” rating in a report on Monday, May 13th. UBS Group lifted their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Finally, B. Riley boosted their target price on Main Street Capital from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.67.

Check Out Our Latest Stock Report 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.

See Also

Dividend History for Main Street Capital (NYSE:MAIN)

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