Main Street Capital Co. Announces Dividend of $0.30 (NYSE:MAIN)

Main Street Capital Co. (NYSE:MAIN) declared a dividend on Wednesday, June 19th, investing.com reports. Shareholders of record on Monday, June 24th will be paid a dividend of 0.30 per share by the financial services provider on Thursday, June 27th. This represents a yield of 7.55%. The ex-dividend date of this dividend is Friday, June 21st.

Main Street Capital has increased its dividend payment by an average of 18.7% per year over the last three years. Main Street Capital has a payout ratio of 74.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Main Street Capital to earn $3.93 per share next year, which means the company should continue to be able to cover its $2.94 annual dividend with an expected future payout ratio of 74.8%.

Main Street Capital Trading Up 0.4 %

NYSE:MAIN opened at $49.75 on Thursday. The company has a market capitalization of $4.26 billion, a P/E ratio of 9.08 and a beta of 1.28. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.11. Main Street Capital has a 12 month low of $37.70 and a 12 month high of $51.10. The firm has a fifty day simple moving average of $48.91 and a 200-day simple moving average of $46.24.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, May 9th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The company had revenue of $131.61 million during the quarter, compared to analyst estimates of $128.00 million. Main Street Capital had a return on equity of 14.83% and a net margin of 89.11%. During the same quarter last year, the business posted $1.02 EPS. On average, equities research analysts anticipate that Main Street Capital will post 4.06 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MAIN. Oppenheimer upped their target price on Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a research report on Monday, February 26th. UBS Group upped their price objective on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Truist Financial boosted their target price on shares of Main Street Capital from $45.00 to $52.00 and gave the company a “hold” rating in a research report on Monday, May 13th. B. Riley increased their price target on Main Street Capital from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, Royal Bank of Canada upped their target price on Main Street Capital from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $47.67.

Main Street Capital Company Profile

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.