MSC Income Fund (MSIF) To Go Ex-Dividend on December 31st

MSC Income Fund (NYSE:MSIF) announced a monthly dividend on Wednesday, November 4th. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.11 per share on Monday, January 11th. This represents a $1.32 annualized dividend and a yield of 10.8%. The ex-dividend date of this dividend is Thursday, December 31st.

MSC Income Fund Trading Down 0.5%

Shares of NYSE MSIF opened at $12.28 on Friday. MSC Income Fund has a twelve month low of $10.80 and a twelve month high of $14.46. The company has a market capitalization of $578.75 million and a price-to-earnings ratio of 5.74. The firm has a 50-day moving average of $12.09 and a two-hundred day moving average of $12.14.

MSC Income Fund (NYSE:MSIF) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01).

Wall Street Analysts Forecast Growth

Several research firms recently commented on MSIF. Oppenheimer initiated coverage on shares of MSC Income Fund in a research note on Monday, October 26th. They set an “outperform” rating and a $15.00 target price for the company. Zacks Research upgraded shares of MSC Income Fund from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Truist Financial lifted their price target on shares of MSC Income Fund from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, UBS Group dropped their price target on MSC Income Fund from $13.50 to $12.50 and set a “neutral” rating on the stock in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.10.

MSC Income Fund (NYSE: MSIF) is a business development company that invests in privately held, primarily U.S.-based businesses. The fund seeks to provide capital to lower middle-market companies that may have limited access to traditional financing sources.

Its investment activities generally include providing senior secured loans, subordinated debt and other forms of financing, along with selective equity investments. MSC Income Fund works with portfolio companies across a range of industries and may support acquisitions, recapitalizations, growth initiatives and other corporate financing needs.

The fund is externally managed by MSC Adviser I, LLC, an affiliate of Main Street Capital Corporation.