Main Street Capital Corporation (MAIN) To Go Ex-Dividend on August 7th

Main Street Capital Corporation (NYSE:MAIN) declared a monthly dividend on Monday, May 4th. Investors of record on Friday, August 7th will be given a dividend of 0.265 per share by the financial services provider on Friday, August 14th. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Friday, August 7th. This is a 1.9% increase from Main Street Capital’s previous monthly dividend of $0.26.

Main Street Capital has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Main Street Capital has a dividend payout ratio of 82.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Main Street Capital to earn $3.96 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 78.8%.

Main Street Capital Price Performance

Shares of MAIN opened at $57.34 on Wednesday. Main Street Capital has a fifty-two week low of $50.77 and a fifty-two week high of $67.77. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.06 and a quick ratio of 0.06. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 10.39 and a beta of 0.76. The business’s 50-day moving average is $55.15 and its 200-day moving average is $58.32.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, February 26th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. Main Street Capital had a net margin of 87.11% and a return on equity of 12.44%. The company had revenue of $156.17 million during the quarter, compared to analyst estimates of $141.50 million. Equities research analysts expect that Main Street Capital will post 4.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MAIN has been the topic of a number of research reports. Loop Capital upgraded Main Street Capital to a “neutral” rating and set a $65.00 price objective on the stock in a report on Thursday, January 15th. Wall Street Zen upgraded shares of Main Street Capital from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Noble Financial restated a “neutral” rating on shares of Main Street Capital in a report on Thursday, January 15th. Citizens Jmp lowered their price objective on Main Street Capital from $74.00 to $70.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. Finally, Citigroup restated an “outperform” rating on shares of Main Street Capital in a report on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Main Street Capital presently has an average rating of “Hold” and an average price target of $61.71.

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.