MSC Income Fund Announces Monthly Dividend of $0.11 (NYSE:MSIF)

MSC Income Fund (NYSE:MSIF) announced a monthly dividend on Wednesday, August 5th. Investors of record on Monday, November 2nd will be given a dividend of 0.11 per share on Monday, November 9th. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date is Monday, November 2nd.

MSC Income Fund Trading Up 2.7%

MSIF stock traded up $0.30 during mid-day trading on Thursday, hitting $11.77. 407,938 shares of the company were exchanged, compared to its average volume of 324,237. The company has a market cap of $555.13 million and a price-to-earnings ratio of -3,568.96. MSC Income Fund has a 1-year low of $10.80 and a 1-year high of $15.14. The business has a 50 day simple moving average of $11.58.

MSC Income Fund (NYSE:MSIF) last released its earnings results on Thursday, August 6th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.05).

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. B. Riley Financial assumed coverage on MSC Income Fund in a research report on Thursday, June 18th. They set a “buy” rating and a $13.00 target price on the stock. UBS Group decreased their target price on shares of MSC Income Fund from $14.00 to $13.50 and set a “neutral” rating on the stock in a report on Monday, May 18th. Royal Bank Of Canada lowered their price objective on MSC Income Fund from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. Zacks Research raised MSC Income Fund from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Truist Financial dropped their target price on MSC Income Fund from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, MSC Income Fund presently has an average rating of “Moderate Buy” and a consensus price target of $13.88.

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.