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

Key Points

• Main Street Capital Corporation declared a quarterly dividend of $0.30 per share, with an ex-dividend date of October 8th and payment date on October 15th.
• The company has a dividend yield of 1.9% and a payout ratio of 78.9%, indicating its dividend is currently covered by earnings but may be at risk if earnings decline.
• Main Street Capital reported earnings of $0.99 per share for the last quarter, meeting analysts' expectations, with total revenue of $143.97 million.

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) declared a quarterly dividend on Monday, August 4th, investing.com reports. Stockholders of record on Wednesday, October 8th will be paid 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 of this dividend is Wednesday, October 8th.

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 tumble. Equities 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 Price Performance

MAIN stock opened at $62.98 on Monday. Main Street Capital has a 12-month low of $47.00 and a 12-month high of $67.77. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 10.38 and a beta of 0.87. The company's fifty day simple moving average is $65.14 and its 200 day simple moving average is $59.81.

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