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

Key Points

• Main Street Capital Corporation declared a dividend of $0.30 per share, with a payout date of September 26th and an ex-dividend date on September 19th, reflecting a yield of 635.0%.
• The company has a current payout ratio of 78.9%, with analysts projecting earnings of $4.06 per share for the next year, indicating the ability to sustain its annual dividend of $3.00.
• Main Street Capital's recent quarterly earnings met expectations at $0.99 per share, with a revenue of $143.97 million exceeding analyst estimates of $137.23 million.

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) declared a quarterly dividend on Monday, August 4th, investing.com reports. Investors 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 is Wednesday, October 8th.

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 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 Down 2.3%

Shares of NYSE:MAIN traded down $1.52 during trading on Monday, reaching $64.26. 757,604 shares of the company traded hands, compared to its average volume of 563,715. Main Street Capital has a 1-year low of $47.00 and a 1-year high of $67.77. The firm has a fifty day simple moving average of $65.36 and a 200 day simple moving average of $59.39. 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 $5.75 billion, a P/E ratio of 10.59 and a beta of 0.88.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.99. The firm had revenue of $143.97 million for the quarter, compared to analyst estimates of $137.23 million. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%. Analysts anticipate 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.