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

Key Points

• Main Street Capital Corporation has declared a quarterly dividend of $0.30 per share, with an ex-dividend date on October 8th, and a payment date of October 15th.
• The company reported a payout ratio of 78.9% and expects to maintain its dividend, with projected earnings of $4.06 per share for the next year.
• Main Street Capital's stock is currently down 1.5%, with a 52-week range of $47.00 to $67.77, and a market capitalization of $5.63 billion.

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 given a dividend of 0.30 per share by the financial services provider on Wednesday, October 15th. This represents a c) annualized dividend 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% meaning 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 Stock Down 1.5%

Shares of NYSE MAIN opened at $62.98 on Monday. The stock has a market cap of $5.63 billion, a PE ratio of 10.38 and a beta of 0.87. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.12. Main Street Capital has a 52-week low of $47.00 and a 52-week high of $67.77. The business has a 50-day moving average price of $65.14 and a 200 day moving average price of $59.81.

Main Street Capital (NYSE:MAIN - Get Free Report) last announced 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 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%. Equities research analysts forecast 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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