Main Street Capital Corporation (NYSE:MAIN) to Issue Dividend of $0.26

Key Points

• Main Street Capital Corporation announced a dividend of $0.26 per share, with an impressive yield of 473.0%, payable on Friday, August 15th to stockholders recorded on August 11th.
• The company has a current dividend payout ratio of 78.9%, with analysts predicting a future payout ratio of 73.9% based on anticipated earnings of $4.06 per share next year.
• Recent insider activity includes EVP Jason B. Beauvais selling 13,664 shares, a 7.00% decrease in his ownership, while institutional investors recently increased their stake significantly.

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) announced a dividend on Friday, August 1st, investing.com reports. Investors of record on Monday, August 11th will be given a dividend of 0.255 per share by the financial services provider on Friday, August 15th. This represents a yield of 473.0%. The ex-dividend date is Friday, August 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 fall. 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 0.7%

NYSE:MAIN traded down $0.48 during trading hours on Tuesday, reaching $63.71. 612,650 shares of the stock were exchanged, compared to its average volume of 550,016. Main Street Capital has a twelve month low of $47.00 and a twelve month high of $66.39. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a 50 day moving average of $60.36 and a 200 day moving average of $58.14. The stock has a market cap of $5.67 billion, a PE ratio of 10.82 and a beta of 0.85.

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