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

Key Points

• Main Street Capital Corporation has announced a dividend of $0.30 per share, with an expected dividend yield of 645.0%.
• The company's current payout ratio stands at 78.9%, indicating that while the dividend is currently covered by earnings, it may face risks in the future if earnings decline.
• Main Street Capital's stock price increased by $1.25 to $66.33 on the announcement day, with a market capitalization of approximately $5.93 billion.

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) announced a dividend on Wednesday, September 17th, 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 645.0%. The ex-dividend date of this dividend is Friday, September 19th.

Main Street Capital has a 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. 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 up $1.25 on Wednesday, hitting $66.33. 134,584 shares of the stock traded hands, compared to its average volume of 541,965. 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 has a market capitalization of $5.93 billion, a PE ratio of 10.91 and a beta of 0.88. Main Street Capital has a 1-year low of $47.00 and a 1-year high of $67.77. The company's fifty day moving average is $65.12 and its 200 day moving average is $59.19.

Main Street Capital (NYSE:MAIN - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. Main Street Capital had a return on equity of 12.70% and a net margin of 96.16%.The business had revenue of $143.97 million for the quarter, compared to analyst estimates of $137.23 million. On average, 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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