Main Street Capital Corporation (NYSE:MAIN) Declares Quarterly Dividend of $0.30

Main Street Capital Corporation (NYSE:MAIN) announced a quarterly dividend on Monday, August 3rd. Investors of record on Thursday, October 8th will be given a dividend of 0.30 per share by the financial services provider on Thursday, October 15th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, October 8th.

Main Street Capital has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Main Street Capital has a payout ratio of 83.7% 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 $3.87 per share next year, which means the company should continue to be able to cover its $3.18 annual dividend with an expected future payout ratio of 82.2%.

Main Street Capital Stock Performance

NYSE:MAIN traded up $1.39 during mid-day trading on Tuesday, reaching $57.14. The company’s stock had a trading volume of 654,197 shares, compared to its average volume of 703,839. Main Street Capital has a 12-month low of $48.95 and a 12-month high of $67.77. The firm’s fifty day moving average price is $52.29 and its two-hundred day moving average price is $55.20. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.11. The stock has a market cap of $5.31 billion, a P/E ratio of 12.03 and a beta of 0.72.

Main Street Capital (NYSE:MAIN) last announced its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.11). Main Street Capital had a net margin of 74.86% and a return on equity of 12.01%. The company had revenue of $73.44 million for the quarter, compared to analysts’ expectations of $145.23 million. On average, equities analysts forecast that Main Street Capital will post 3.79 EPS for the current fiscal year.

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.