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

Key Points

• Main Street Capital Corporation declared a dividend of $0.30 per share, set to be paid on September 26th to investors of record as of September 22nd, resulting in a lucrative yield of 638.0%.
• The company's current dividend payout ratio is 78.9%, indicating it is currently covered by earnings, but future declines in earnings may affect sustainability.
• Main Street Capital reported earnings of $0.99 per share for the last quarter, meeting analyst expectations, while revenue also exceeded forecasts at $143.97 million.

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) announced a dividend on Thursday, September 18th, investing.com reports. Investors of record on Monday, September 22nd will be paid a dividend of 0.30 per share by the financial services provider on Friday, September 26th. This represents a yield of 638.0%. The ex-dividend date is Friday, September 19th.

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. 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 0.1%

MAIN stock traded up $0.09 during trading on Thursday, hitting $65.88. 393,480 shares of the company traded hands, compared to its average volume of 543,395. The firm has a market capitalization of $5.89 billion, a PE ratio of 10.85 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. The company has a 50-day moving average of $65.21 and a 200-day moving average of $59.24. 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 earnings results on Thursday, August 7th. The financial services provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The company had revenue of $143.97 million during the quarter, compared to analysts' expectations of $137.23 million. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%. Analysts predict 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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