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

Key Points

• Main Street Capital Corporation announced a dividend of $0.30 per share, scheduled to be issued on September 26th to shareholders recorded on September 22nd.
• The company has a payout ratio of 78.9%, indicating current coverage by earnings, but future coverage may be at risk if earnings decline.
• Main Street Capital's stock has shown a recent trading price of $66.01 with a market capitalization of $5.90 billion and a PE ratio of 10.89.

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 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 yield of 1.8%. The ex-dividend date 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 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 Down 0.4%

MAIN stock traded down $0.29 during midday trading on Friday, hitting $65.85. The company's stock had a trading volume of 1,944,787 shares, compared to its average volume of 495,497. The stock has a market capitalization of $5.89 billion, a P/E ratio of 10.85 and a beta of 0.88. 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's fifty day moving average price is $65.35 and its 200 day moving average price is $59.32. Main Street Capital has a twelve month low of $47.00 and a twelve month high of $67.77.

Main Street Capital (NYSE:MAIN - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.99. Main Street Capital had a net margin of 96.16% and a return on equity of 12.70%. The business had revenue of $143.97 million during the quarter, compared to analysts' expectations of $137.23 million. As a group, equities research analysts predict that Main Street Capital will post 4.11 EPS 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.