Main Street Capital Corporation to Issue Monthly Dividend of $0.27 (NYSE:MAIN)

Main Street Capital Corporation (NYSE:MAINGet Free Report) declared a monthly dividend on Monday, May 4th. Shareholders of record on Tuesday, September 8th will be given a dividend of 0.265 per share by the financial services provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Tuesday, September 8th.

Main Street Capital has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Main Street Capital has a dividend 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. Equities analysts expect Main Street Capital to earn $3.96 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 78.8%.

Main Street Capital Stock Up 2.8%

MAIN stock traded up $1.58 during mid-day trading on Tuesday, reaching $57.34. The company had a trading volume of 470,289 shares, compared to its average volume of 704,491. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.06 and a quick ratio of 0.06. Main Street Capital has a 52 week low of $50.77 and a 52 week high of $67.77. The stock has a 50 day simple moving average of $55.17 and a two-hundred day simple moving average of $58.32. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 10.39 and a beta of 0.76.

Main Street Capital (NYSE:MAINGet Free Report) last issued its earnings results on Thursday, February 26th. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.06 by $0.03. Main Street Capital had a return on equity of 12.44% and a net margin of 87.11%.The company had revenue of $156.17 million during the quarter, compared to the consensus estimate of $141.50 million. As a group, equities analysts predict that Main Street Capital will post 4.02 earnings per share for the current fiscal year.

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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.

Further Reading

Dividend History for Main Street Capital (NYSE:MAIN)

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