Main Street Capital Corporation (NYSE:MAIN) Declares 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 payments scheduled for October 15th.
• The company has an annualized dividend payout ratio of 78.9%, expected to decrease to 73.9% based on analysts' earnings projections of $4.06 per share for the next year.
• Main Street Capital's stock has seen a recent trading decrease of 1.5%, with current market statistics including a P/E ratio of 10.38 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. 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) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend 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 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 Down 1.5%

Shares of Main Street Capital stock opened at $62.98 on Monday. The business has a 50 day moving average price of $65.14 and a 200 day moving average price of $59.81. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market capitalization of $5.63 billion, a P/E ratio of 10.38 and a beta of 0.87. Main Street Capital has a 1 year low of $47.00 and a 1 year high of $67.77.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its quarterly 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 the consensus estimate of $137.23 million. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%. Sell-side analysts anticipate that Main Street Capital will post 4.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Nicholas Meserve sold 14,000 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $67.15, for a total transaction of $940,100.00. Following the sale, the director owned 82,383 shares in the company, valued at $5,532,018.45. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Main Street Capital

A number of hedge funds have recently made changes to their positions in MAIN. Jones Financial Companies Lllp raised its holdings in shares of Main Street Capital by 45,123.0% during the first quarter. Jones Financial Companies Lllp now owns 590,613 shares of the financial services provider's stock valued at $33,405,000 after buying an additional 589,307 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Main Street Capital by 282.5% during the first quarter. Invesco Ltd. now owns 532,267 shares of the financial services provider's stock valued at $30,105,000 after buying an additional 393,101 shares during the last quarter. HRT Financial LP raised its holdings in shares of Main Street Capital by 147.7% during the second quarter. HRT Financial LP now owns 213,431 shares of the financial services provider's stock valued at $12,613,000 after buying an additional 127,270 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of Main Street Capital in the first quarter valued at approximately $6,205,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Main Street Capital in the first quarter valued at approximately $4,840,000. Institutional investors own 20.31% of the company's stock.

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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