Main Street Capital Corporation (NYSE:MAIN) Declares Monthly Dividend of $0.26

Main Street Capital Corporation (NYSE:MAIN) announced a monthly dividend on Tuesday, February 24th. Stockholders of record on Friday, May 8th will be given a dividend of 0.26 per share by the financial services provider on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, May 8th.

Main Street Capital has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Main Street Capital has a payout ratio of 82.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 $3.12 annual dividend with an expected future payout ratio of 76.8%.

Main Street Capital Stock Performance

Shares of Main Street Capital stock traded up $0.93 during trading on Tuesday, hitting $57.71. 601,467 shares of the company’s stock were exchanged, compared to its average volume of 550,143. The business has a 50-day simple moving average of $61.33 and a 200-day simple moving average of $61.41. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 9.57 and a beta of 0.80. Main Street Capital has a 52-week low of $47.00 and a 52-week high of $67.77. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.06 and a current ratio of 0.06.

Main Street Capital Company Profile

Main Street Capital Corporation (NYSE: MAIN) is a publicly traded business development company that provides flexible debt and equity capital to lower middle market companies in the United States. Headquartered in Houston, Texas, Main Street Capital was formed in 2007 and operates under the Investment Company Act of 1940. The firm’s management services are provided by Main Street Capital Management, L.P., which focuses on identifying growing private companies with enterprise values typically between $10 million and $150 million.

Main Street Capital’s primary offerings include first-lien senior secured loans, second-lien loans, subordinated debt, and equity co-investments or minority equity positions.