Main Street Capital Corporation (NYSE:MAIN) to Issue Quarterly Dividend of $0.30

Main Street Capital Corporation (NYSE:MAIN) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Friday, December 18th will be given a dividend of $0.30 per share by the financial services provider on Monday, December 28th. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, December 18th.

Main Street Capital has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 4 years. Main Street Capital has a dividend payout ratio of 83.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Main Street Capital to earn $3.81 per share next year, which means the company should continue to be able to cover its $3.18 annual dividend with an expected future payout ratio of 83.5%.

Main Street Capital Stock Performance

Shares of MAIN stock traded up $0.09 on Tuesday, hitting $56.39. 590,232 shares of the stock traded hands, compared to its average volume of 641,325. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.05 and a quick ratio of 0.05. The company’s fifty day moving average is $55.67 and its 200 day moving average is $55.54. Main Street Capital has a 1-year low of $48.95 and a 1-year high of $65.23. The company has a market capitalization of $5.27 billion, a PE ratio of 11.37 and a beta of 0.73.

Main Street Capital (NYSE:MAIN) last released its quarterly earnings results on Thursday, August 6th. The financial services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.96 by $0.01. The business had revenue of $327.56 million during the quarter, compared to analyst estimates of $144.59 million. Main Street Capital had a net margin of 78.49% and a return on equity of 11.80%. On average, equities research analysts predict that Main Street Capital will post 3.75 earnings per share for the current fiscal year.

About Main Street Capital

Main Street Capital Corporation is a business development company that provides customized debt and equity financing to privately held businesses. The company primarily invests in lower middle-market companies and also makes private loan investments in larger middle-market businesses.

Its investment activities include first-lien, second-lien and subordinated debt, as well as equity investments and other securities. Main Street seeks to provide flexible, long-term capital to support acquisitions, recapitalizations, growth initiatives and other corporate financing needs.