MSC Income Fund (NYSE:MSIF) Declares Monthly Dividend of $0.11

MSC Income Fund (NYSE:MSIF) announced a monthly dividend on Wednesday, May 6th. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.11 per share on Wednesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 10.1%. The ex-dividend date of this dividend is Wednesday, September 16th.

MSC Income Fund Stock Up 0.1%

Shares of MSIF traded up $0.02 during mid-day trading on Thursday, hitting $13.02. The company’s stock had a trading volume of 352,384 shares, compared to its average volume of 342,725. The company has a 50-day moving average price of $12.68. MSC Income Fund has a 52-week low of $11.78 and a 52-week high of $18.09. The company has a market cap of $613.69 million and a price-to-earnings ratio of -3,945.44.

MSC Income Fund (NYSE:MSIF) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.34 earnings per share for the quarter. The business had revenue of $52.10 million during the quarter.

Analysts Set New Price Targets

Several analysts have commented on the stock. UBS Group decreased their price target on shares of MSC Income Fund from $14.50 to $14.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Truist Financial decreased their price target on shares of MSC Income Fund from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Finally, Lucid Cap Mkts raised shares of MSC Income Fund to a “hold” rating in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.00.

MSC Income Fund (NYSE: MSIF) is a publicly traded investment company listed on the New York Stock Exchange that aims to provide shareholders with current income and the potential for capital appreciation through a diversified portfolio of income-producing assets. The fund offers investors a single vehicle to gain exposure to a variety of yield-generating securities managed under a unified investment strategy.

The fund’s portfolio strategy emphasizes a broad approach to income generation, with allocations that can include fixed-income instruments and other income-oriented securities.