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

Main Street Capital logo with Finance background

Key Points

  • Main Street Capital Corporation has announced a dividend of $0.30 per share, yielding an impressive 644.0%, with the payment date set for September 26th for stockholders of record on September 22nd.
  • The company has a payout ratio of 78.9%, currently covered by earnings, but future coverage may be at risk if earnings decline; analysts predict earnings of $4.06 per share next year.
  • Shares of Main Street Capital traded at $65.18, showing minimal change on the day, with various analysts recently upgrading the stock's target price and ratings.
  • Five stocks we like better than Main Street Capital.

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) announced a dividend on Tuesday, September 16th, investing.com reports. Investors 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 645.0%. 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. 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 Trading Up 0.0%

MAIN traded up $0.01 on Tuesday, reaching $65.18. 610,925 shares of the company's stock were exchanged, compared to its average volume of 472,496. The company's 50 day moving average is $65.12 and its 200-day moving average is $59.19. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 10.74 and a beta of 0.88. Main Street Capital has a twelve month low of $47.00 and a twelve month high of $67.77. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. The company had revenue of $143.97 million during the quarter, compared to the consensus estimate of $137.23 million. Equities analysts predict that Main Street Capital will post 4.11 earnings per share for the current year.

About Main Street Capital

(Get Free Report)

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.

Featured Articles

Dividend History for Main Street Capital (NYSE:MAIN)

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