Main Street Capital Corporation (NYSE:MAIN) Announces Monthly Dividend of $0.27

Main Street Capital Corporation (NYSE:MAIN) announced a monthly dividend on Monday, November 2nd. Investors of record on Monday, March 8th will be given a dividend of $0.27 per share by the financial services provider on Monday, March 15th. This represents a $3.24 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Monday, March 8th.

Main Street Capital has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 4 years. Main Street Capital has a dividend payout ratio of 83.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Main Street Capital to earn $3.81 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 83.5%.

Main Street Capital Stock Performance

NYSE:MAIN opened at $56.39 on Wednesday. Main Street Capital has a 12-month low of $48.95 and a 12-month high of $65.23. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $5.27 billion, a PE ratio of 14.22 and a beta of 0.73. The firm has a 50-day moving average price of $55.61 and a 200 day moving average price of $55.51.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The company had revenue of $327.56 million for the quarter, compared to the consensus estimate of $144.59 million. Main Street Capital had a return on equity of 11.80% and a net margin of 78.49%. Research analysts anticipate that Main Street Capital will post 3.75 earnings per share for the current fiscal year.

Main Street Capital Company Profile

Main Street Capital Corporation is a business development company that provides customized debt and equity financing to privately held businesses. The company primarily invests in lower middle-market companies and also makes private loan investments in larger middle-market businesses.

Its investment activities include first-lien, second-lien and subordinated debt, as well as equity investments and other securities. Main Street seeks to provide flexible, long-term capital to support acquisitions, recapitalizations, growth initiatives and other corporate financing needs.