MSC Income Fund (MSIF) to Issue Monthly Dividend of $0.11 on November 9th

MSC Income Fund (NYSE:MSIF) declared a monthly dividend on Wednesday, August 5th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.11 per share on Monday, November 9th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date of this dividend is Monday, November 2nd.

MSC Income Fund Price Performance

Shares of NYSE MSIF opened at $11.85 on Friday. The business has a 50-day moving average of $12.14 and a 200-day moving average of $12.14. The stock has a market capitalization of $558.72 million and a price-to-earnings ratio of 5.54. MSC Income Fund has a fifty-two week low of $10.80 and a fifty-two week high of $14.46.

MSC Income Fund (NYSE:MSIF) last released its earnings results on Thursday, August 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.05). The company had revenue of $35.70 million during the quarter, compared to analyst estimates of $35.46 million.

MSC Income Fund (NYSE: MSIF) is a business development company that invests in privately held, primarily U.S.-based businesses. The fund seeks to provide capital to lower middle-market companies that may have limited access to traditional financing sources.

Its investment activities generally include providing senior secured loans, subordinated debt and other forms of financing, along with selective equity investments. MSC Income Fund works with portfolio companies across a range of industries and may support acquisitions, recapitalizations, growth initiatives and other corporate financing needs.

The fund is externally managed by MSC Adviser I, LLC, an affiliate of Main Street Capital Corporation.