MSC Income Fund (NYSE:MSIF) Declares Special Dividend of $0.03

MSC Income Fund (NYSE:MSIF) announced a special dividend on Wednesday, August 5th. Investors of record on Wednesday, December 16th will be given a dividend of 0.03 per share on Wednesday, December 23rd. This represents a yield of 1,121.0%. The ex-dividend date is Wednesday, December 16th.

MSC Income Fund Price Performance

Shares of MSIF stock opened at $11.77 on Friday. MSC Income Fund has a 52-week low of $10.80 and a 52-week high of $15.14. The business has a fifty day simple moving average of $11.57. The stock has a market cap of $555.13 million and a price-to-earnings ratio of -3,568.96.

MSC Income Fund (NYSE:MSIF) last posted its earnings results on Thursday, August 6th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). The company had revenue of $35.70 million for the quarter, compared to analysts’ expectations of $35.46 million.

Analysts Set New Price Targets

A number of research analysts have recently commented on MSIF shares. Zacks Research upgraded shares of MSC Income Fund from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. UBS Group dropped their target price on shares of MSC Income Fund from $14.00 to $13.50 and set a “neutral” rating on the stock in a report on Monday, May 18th. Truist Financial dropped their target price on MSC Income Fund from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. B. Riley Financial assumed coverage on shares of MSC Income Fund in a report on Thursday, June 18th. They issued a “buy” rating and a $13.00 price target on the stock. Finally, Royal Bank Of Canada dropped their price target on MSC Income Fund from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $13.88.

MSC Income Fund (NYSE: MSIF) is a publicly traded investment company listed on the New York Stock Exchange that aims to provide shareholders with current income and the potential for capital appreciation through a diversified portfolio of income-producing assets. The fund offers investors a single vehicle to gain exposure to a variety of yield-generating securities managed under a unified investment strategy.

The fund’s portfolio strategy emphasizes a broad approach to income generation, with allocations that can include fixed-income instruments and other income-oriented securities.