Main Street Capital Corporation (MAIN) to Issue Quarterly Dividend of $0.30 on July 15th

Main Street Capital Corporation (NYSE:MAIN) announced a quarterly dividend on Monday, May 4th. Stockholders of record on Wednesday, July 8th will be given a dividend of 0.30 per share by the financial services provider on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, July 8th.

Main Street Capital has increased its dividend payment by an average of 0.1%annually over the last three years and has raised 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. 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%

Shares of NYSE MAIN opened at $57.34 on Wednesday. The business has a 50-day moving average price of $55.15 and a 200 day moving average price of $58.32. The stock has a market cap of $5.17 billion, a PE ratio of 10.39 and a beta of 0.76. 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 52-week low of $50.77 and a 52-week high of $67.77.

Main Street Capital (NYSE:MAIN) last released its quarterly 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 for the quarter, compared to analyst estimates of $141.50 million. Equities research analysts forecast that Main Street Capital will post 4.02 earnings per share for the current year.

About Main Street Capital

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.