Main Street Capital Co. (NYSE:MAIN) announced a dividend on Tuesday, July 31st, NASDAQ reports. Investors of record on Thursday, September 20th will be given a dividend of 0.195 per share by the financial services provider on Monday, October 15th. The ex-dividend date of this dividend is Wednesday, September 19th.

Main Street Capital has raised its dividend by an average of 3.9% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Main Street Capital has a payout ratio of 90.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Main Street Capital to earn $2.56 per share next year, which means the company should continue to be able to cover its $2.34 annual dividend with an expected future payout ratio of 91.4%.

NYSE:MAIN opened at $39.73 on Friday. Main Street Capital has a fifty-two week low of $34.37 and a fifty-two week high of $41.79. The firm has a market cap of $2.39 billion, a P/E ratio of 16.62 and a beta of 0.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11.

Main Street Capital (NYSE:MAIN) last released its earnings results on Thursday, August 2nd. The financial services provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. Main Street Capital had a return on equity of 11.81% and a net margin of 83.40%. The business had revenue of $59.87 million for the quarter, compared to analyst estimates of $57.88 million. During the same quarter last year, the firm posted $0.58 earnings per share. The business’s revenue was up 19.1% compared to the same quarter last year. sell-side analysts forecast that Main Street Capital will post 2.58 EPS for the current year.

A hedge fund recently raised its stake in Main Street Capital stock. Bank of New York Mellon Corp grew its holdings in Main Street Capital Co. (NYSE:MAIN) by 47.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,221 shares of the financial services provider’s stock after purchasing an additional 5,855 shares during the period. Bank of New York Mellon Corp’s holdings in Main Street Capital were worth $693,000 as of its most recent filing with the Securities & Exchange Commission. 23.67% of the stock is owned by institutional investors.

MAIN has been the topic of a number of recent analyst reports. SunTrust Banks reiterated a “hold” rating and issued a $40.00 target price on shares of Main Street Capital in a research note on Friday, August 3rd. National Securities increased their target price on Main Street Capital from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 8th. Finally, Zacks Investment Research lowered Main Street Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.25.

About Main Street Capital

Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses.

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Dividend History for Main Street Capital (NYSE:MAIN)

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