Main Street Capital Corporation (MAIN) To Go Ex-Dividend on June 8th

Main Street Capital Corporation (NYSE:MAINGet Free Report) declared a monthly dividend on Monday, February 23rd. Stockholders of record on Monday, June 8th will be given a dividend of 0.26 per share by the financial services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Monday, June 8th.

Main Street Capital has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Main Street Capital has a payout ratio of 82.1% 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 $4.06 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 76.8%.

Main Street Capital Price Performance

Main Street Capital stock traded up $0.40 during mid-day trading on Wednesday, hitting $58.10. The company’s stock had a trading volume of 226,589 shares, compared to its average volume of 539,396. The stock has a market capitalization of $5.21 billion, a P/E ratio of 9.64 and a beta of 0.80. The stock’s fifty day moving average price is $61.33 and its two-hundred day moving average price is $61.41. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.12. Main Street Capital has a twelve month low of $47.00 and a twelve month high of $67.77.

Main Street Capital News Summary

Here are the key news stories impacting Main Street Capital this week:

Main Street Capital Company Profile

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Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.

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Dividend History for Main Street Capital (NYSE:MAIN)

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