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

Key Points

• Main Street Capital Corporation declared a quarterly dividend of $0.30 per share, with an impressive dividend yield of 635.0%, highlighting its attractiveness to investors.
• The company reported a payout ratio of 78.9%, indicating current earnings are covering the dividend, but future stability may be at risk if earnings decline.
• Main Street Capital's stock price increased by 0.5% to $66.12, with a market capitalization of $5.91 billion and a strong net margin of 96.16% reported in its latest earnings results.

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) declared a dividend on Thursday, September 18th, investing.com reports. Stockholders 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 dividend yield of 635.0%. The ex-dividend date is Friday, September 19th.

Main Street Capital has a 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. Equities 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 Up 0.5%

NYSE MAIN traded up $0.33 on Thursday, reaching $66.12. The company had a trading volume of 853,830 shares, compared to its average volume of 475,132. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The company's fifty day moving average is $65.29 and its 200-day moving average is $59.28. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 10.89 and a beta of 0.88. Main Street Capital has a 1-year low of $47.00 and a 1-year high of $67.77.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $143.97 million for the quarter, compared to analyst estimates of $137.23 million. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. On average, research analysts forecast that Main Street Capital will post 4.11 earnings per share for the current fiscal year.

Main Street Capital Company Profile

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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