MSC Income Fund (NYSE:MSIF) Announces Quarterly Dividend of $0.35

Key Points

• Dividend: MSC Income Fund declared a quarterly dividend of $0.35 per share, payable May 1 to shareholders of record on March 31 (ex-dividend date March 31), implying an annualized yield of about 11.5%.
• Recent results & stock snapshot: MSIF opened at $12.23 with a $576.4M market cap and a 12‑month range of $11.78–$18.09; last quarter EPS was $0.34 on $52.1M revenue and the trailing P/E is deeply negative (-3,705.67).
• Analyst view: The consensus rating is Hold with an average price target of $15; recent analyst actions include Truist lowering its target to $16 (buy), UBS cutting to $14 (neutral), and Lucid assigning a hold — one Buy and two Hold ratings in total.

MSC Income Fund (NYSE:MSIF - Get Free Report) declared a quarterly dividend on Wednesday, February 25th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.35 per share on Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date of this dividend is Tuesday, March 31st.

MSC Income Fund Stock Performance

MSIF opened at $12.23 on Friday. The stock has a market capitalization of $576.40 million and a PE ratio of -3,705.67. MSC Income Fund has a twelve month low of $11.78 and a twelve month high of $18.09.

MSC Income Fund (NYSE:MSIF - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.34 earnings per share (EPS) for the quarter. The firm had revenue of $52.10 million for the quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MSIF shares. Truist Financial decreased their price target on MSC Income Fund from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Wednesday, March 4th. UBS Group cut their price objective on MSC Income Fund from $14.50 to $14.00 and set a "neutral" rating for the company in a research report on Friday, March 13th. Finally, Lucid Cap Mkts raised MSC Income Fund to a "hold" rating in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $15.00.

MSC Income Fund NYSE: MSIF is a publicly traded investment company listed on the New York Stock Exchange that aims to provide shareholders with current income and the potential for capital appreciation through a diversified portfolio of income-producing assets. The fund offers investors a single vehicle to gain exposure to a variety of yield-generating securities managed under a unified investment strategy.

The fund’s portfolio strategy emphasizes a broad approach to income generation, with allocations that can include fixed-income instruments and other income-oriented securities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.