Main Street Capital Corporation (NYSE:MAIN) Plans Monthly Dividend of $0.26

Key Points

• Main Street Capital Corporation has declared a monthly dividend of $0.26, with shareholders of record set to receive this payment on December 15th.
• The company's dividend payout ratio is currently 78.9%, but analysts predict a future payout ratio of 73.9% based on expected earnings of $4.06 per share next year.
• Main Street Capital shares are trading at approximately $64.17, with a market cap of $5.71 billion and a P/E ratio of 10.89.

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) announced a monthly dividend on Thursday, August 7th, Wall Street Journal reports. Shareholders of record on Monday, December 8th will be given a dividend of 0.255 per share by the financial services provider on Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Monday, December 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 fall. 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 Performance

Shares of NYSE MAIN opened at $64.17 on Thursday. Main Street Capital has a 12 month low of $47.00 and a 12 month high of $66.39. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.12. The company has a market cap of $5.71 billion, a P/E ratio of 10.89 and a beta of 0.85. The business's 50 day moving average is $60.81 and its two-hundred day moving average is $58.25.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. The firm had revenue of $137.05 million during the quarter, compared to the consensus estimate of $137.50 million. Main Street Capital had a net margin of 94.61% and a return on equity of 13.02%. On average, equities analysts expect that Main Street Capital will post 4.11 EPS for the current 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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