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

Key Points

• Main Street Capital Corporation announced a $0.30 dividend, with an ex-dividend date of September 19th, yielding approximately 644.0% for investors of record on September 22nd.
• The company's payout ratio is currently 78.9%, and analysts forecast earnings of $4.06 per share for the next year, suggesting the dividend may be sustainable.
• Main Street Capital's shares have traded at a recent price of $64.99 and have a market capitalization of $5.81 billion, with a P/E ratio of 10.72.

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) declared 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 yield of 1.8%. The ex-dividend date is Wednesday, October 8th.

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 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 Trading Up 0.5%

NYSE:MAIN traded up $0.33 on Thursday, reaching $66.12. The company's stock had a trading volume of 853,830 shares, compared to its average volume of 475,132. Main Street Capital has a 1-year low of $47.00 and a 1-year 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. The firm has a market cap of $5.91 billion, a PE ratio of 10.89 and a beta of 0.88. The business's 50-day moving average price is $65.29 and its two-hundred day moving average price is $59.28.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its earnings results on Thursday, August 7th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $137.23 million. Equities research analysts anticipate 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.