Main Street Capital Co. (NYSE:MAIN) Declares Monthly Dividend of $0.25

Main Street Capital Co. (NYSE:MAIN) declared a monthly dividend on Friday, May 10th, Wall Street Journal reports. Shareholders of record on Friday, September 6th will be paid a dividend of 0.245 per share by the financial services provider on Friday, September 13th. This represents a $2.94 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date of this dividend is Friday, September 6th.

Main Street Capital has raised its dividend by an average of 18.7% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Main Street Capital has a payout ratio of 73.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Main Street Capital to earn $3.90 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 73.8%.

Main Street Capital Trading Up 0.2 %

Shares of Main Street Capital stock opened at $50.74 on Friday. The company has a 50 day simple moving average of $47.47 and a two-hundred day simple moving average of $44.44. The firm has a market cap of $4.31 billion, a PE ratio of 9.72 and a beta of 1.25. Main Street Capital has a 1 year low of $37.70 and a 1 year high of $51.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.09 and a quick ratio of 0.09.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $129.31 million during the quarter, compared to analysts’ expectations of $125.52 million. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. Analysts expect that Main Street Capital will post 4.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MAIN has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their price target on shares of Main Street Capital from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. Oppenheimer increased their price objective on Main Street Capital from $41.00 to $43.00 and gave the stock a “market perform” rating in a report on Monday, February 26th. UBS Group boosted their price target on Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Finally, Truist Financial lifted their price objective on Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, February 26th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.17.

About Main Street Capital

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.