Main Street Capital Corporation (NYSE:MAIN) Plans Quarterly Dividend of $0.30

Main Street Capital Corporation (NYSE:MAINGet Free Report) announced a quarterly dividend on Monday, February 23rd. Stockholders of record on Wednesday, April 8th will be paid a dividend of 0.30 per share by the financial services provider on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, April 8th.

Main Street Capital has raised its dividend payment 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 tumble. 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 Stock Up 1.7%

Shares of NYSE:MAIN traded up $0.96 during midday trading on Wednesday, hitting $58.66. 333,906 shares of the company’s stock were exchanged, compared to its average volume of 543,692. The stock has a 50 day moving average price of $61.33 and a 200-day moving average price of $61.41. Main Street Capital has a 12 month low of $47.00 and a 12 month high of $67.77. The company has a market cap of $5.25 billion, a PE ratio of 9.73 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.06 and a quick ratio of 0.06.

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About Main Street Capital

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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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