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

Key Points

• Main Street Capital Corporation has declared a dividend of $0.30 per share, with the ex-dividend date set for September 19th and payment to occur on September 26th.
• The company reports a dividend yield of 644.0% and maintains a dividend payout ratio of 78.9%, indicating it is currently covering its dividends through earnings.
• Main Street Capital's most recent quarterly earnings showed an EPS of $0.99, meeting analyst expectations, with a revenue of $143.97 million exceeding predictions.

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) announced a dividend on Tuesday, September 16th, investing.com reports. Investors of record on Monday, September 22nd will be given a dividend of 0.30 per share by the financial services provider on Friday, September 26th. This represents a dividend yield of 644.0%. 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 tumble. 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 Trading Down 2.7%

Main Street Capital stock opened at $65.19 on Tuesday. The stock has a 50-day moving average price of $65.04 and a 200 day moving average price of $59.15. Main Street Capital has a 52 week low of $47.00 and a 52 week high of $67.77. The stock has a market cap of $5.83 billion, a PE ratio of 10.74 and a beta of 0.88. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12.

Main Street Capital (NYSE:MAIN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $143.97 million for the quarter, compared to analysts' expectations of $137.23 million. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. Equities research analysts predict 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.

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