Main Street Capital Co. Announces Monthly Dividend of $0.25 (NYSE:MAIN)

Main Street Capital Co. (NYSE:MAIN) announced a monthly dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders of record on Friday, June 6th will be given a dividend of 0.25 per share by the financial services provider on Friday, June 13th. This represents a $3.00 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Friday, June 6th.

Main Street Capital has increased its dividend payment by an average of 8.6% per year over the last three years. Main Street Capital has a dividend payout ratio of 77.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Main Street Capital to earn $4.06 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 73.9%.

Main Street Capital Stock Down 0.7 %

MAIN opened at $59.63 on Thursday. The company has a market cap of $5.26 billion, a PE ratio of 10.80 and a beta of 1.28. The business has a 50 day moving average price of $59.85 and a two-hundred day moving average price of $54.42. Main Street Capital has a 52 week low of $45.00 and a 52 week high of $63.31. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13.

Wall Street Analyst Weigh In

Separately, B. Riley increased their target price on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $48.80.

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.