Main Street Capital Corporation (NYSE:MAIN) Shareholders Set to Receive $0.30 Quarterly Dividend

Main Street Capital Corporation (NYSE:MAIN) declared a quarterly dividend on Monday, November 2nd. Stockholders of record on Friday, December 18th will be paid a dividend of $0.30 per share by the financial services provider on Monday, December 28th. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, December 18th.

Main Street Capital has raised its dividend by an average of 0.1% per year over the last three years and has raised 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 decline. Research 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

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

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

About Main Street Capital

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.