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

Key Points

• Main Street Capital Corporation declared a monthly dividend of $0.26 per share, payable on December 15th to shareholders of record as of December 8th, representing an annualized yield of 4.8%.
• The company has a current dividend payout ratio of 78.9%, but projections for the next year suggest it will remain sustainable with a future payout ratio of 73.9% based on expected earnings of $4.06 per share.
• Main Street Capital's stock is currently trading around $64.17 and has a market capitalization of $5.71 billion, alongside a P/E ratio of 10.89.

Main Street Capital Corporation (NYSE:MAIN - Get Free Report) declared a monthly dividend on Wednesday, August 6th, 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 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 tumble. 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 Price Performance

MAIN stock traded up $0.51 during midday trading on Wednesday, reaching $64.17. The company had a trading volume of 403,097 shares, compared to its average volume of 549,376. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.10 and a quick ratio of 0.10. Main Street Capital has a 1 year low of $47.00 and a 1 year high of $66.39. The company has a market capitalization of $5.71 billion, a P/E ratio of 10.89 and a beta of 0.85. The firm has a 50-day moving average price of $60.67 and a 200-day moving average price of $58.21.

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