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

Key Points

• Main Street Capital Corporation announced a quarterly dividend of $0.30 per share, with an ex-dividend date of October 8th and a payment date of October 15th. This results in an annualized dividend of $3.00 and a dividend yield of 1.9%.
• The company's current dividend payout ratio stands at 78.9%, supported by expected earnings of $4.06 per share next year, which suggests that it can maintain its dividend despite potential future earnings fluctuations.
• Main Street Capital's stock has decreased by 1.5%, with the stock trading at $62.98, and it reported a return on equity of 12.70% alongside a net margin of 96.16% for the last quarter.

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) announced a quarterly dividend on Monday, August 4th, investing.com reports. Shareholders of record on Wednesday, October 8th will be given a dividend of 0.30 per share by the financial services provider on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, October 8th.

Main Street Capital has a dividend payout ratio of 78.9% indicating that 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 $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 Down 1.5%

MAIN stock opened at $62.98 on Monday. 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's 50-day moving average is $65.14 and its two-hundred day moving average is $59.81. Main Street Capital has a 52 week low of $47.00 and a 52 week high of $67.77. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 10.38 and a beta of 0.87.

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 (EPS) for the quarter, hitting the consensus estimate of $0.99. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%.The firm had revenue of $143.97 million for the quarter, compared to the consensus estimate of $137.23 million. 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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