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

Key Points

• Main Street Capital Corporation declared a dividend of $0.30 per share, with an ex-dividend date of September 19th, and payment scheduled for September 26th, representing an impressive yield of 644.0%.
• The company has a payout ratio of 78.9%, indicating that current dividends are covered by earnings, though analysts forecast future earnings that could support a lower payout ratio of 73.9% as earnings stabilize.
• Main Street Capital's stock price increased to $65.23, with an average 12-month high of $67.77, and it reported earnings per share of $0.99 in its recent quarterly results, matching analyst expectations.

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) declared a dividend on Tuesday, September 16th, investing.com reports. Shareholders of record on Monday, September 22nd will be given a dividend of 0.30 per share by the financial services provider on Friday, September 26th. This represents a yield of 644.0%. The ex-dividend date of this dividend is Friday, September 19th.

Main Street Capital has a payout ratio of 78.9% meaning 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 $4.06 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 73.9%.

Main Street Capital Stock Performance

MAIN stock traded up $0.06 during trading hours on Tuesday, hitting $65.23. 343,299 shares of the stock were exchanged, compared to its average volume of 542,837. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $5.83 billion, a P/E ratio of 10.75 and a beta of 0.88. The company has a 50-day simple moving average of $65.04 and a two-hundred day simple moving average of $59.15. Main Street Capital has a 12 month low of $47.00 and a 12 month high of $67.77.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The firm had revenue of $143.97 million for the quarter, compared to analysts' expectations of $137.23 million. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%. On average, analysts forecast that Main Street Capital will post 4.11 earnings per share for the current fiscal year.

About Main Street Capital

Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth.

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