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

Key Points

• Main Street Capital Corporation has declared a dividend of $0.30 per share, with an ex-dividend date set for September 19th, 2023.
• The company has a dividend payout ratio of 78.9%, which indicates that its current dividend is covered by earnings, though future coverage may be at risk if earnings decline.
• Main Street Capital reported earnings of $0.99 per share for the last quarter, meeting analysts' expectations, with revenue exceeding predictions at $143.97 million.

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) announced a quarterly dividend on Monday, August 4th, investing.com reports. Shareholders 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) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, October 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 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 Stock Performance

Shares of MAIN stock traded down $0.29 during mid-day trading on Friday, reaching $65.85. 1,944,787 shares of the company's stock traded hands, compared to its average volume of 495,497. Main Street Capital has a 12 month low of $47.00 and a 12 month high of $67.77. The firm has a 50 day moving average price of $65.35 and a two-hundred day moving average price of $59.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market capitalization of $5.89 billion, a PE ratio of 10.85 and a beta of 0.88.

Main Street Capital (NYSE:MAIN - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $143.97 million during the quarter, compared to the consensus estimate of $137.23 million. On average, research analysts forecast 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.