MSC Income Fund (NYSE:MSIF) Shares Will Pay Monthly Dividend of $0.11

MSC Income Fund (NYSE:MSIF) announced a monthly dividend on Wednesday, November 4th. Investors of record on Tuesday, March 2nd will be paid a dividend of $0.11 per share on Tuesday, March 9th. This represents a $1.32 annualized dividend and a yield of 10.8%. The ex-dividend date is Tuesday, March 2nd.

MSC Income Fund Stock Down 0.5%

MSC Income Fund stock traded down $0.07 during trading on Thursday, reaching $12.28. The stock had a trading volume of 188,869 shares, compared to its average volume of 287,036. MSC Income Fund has a 52-week low of $10.80 and a 52-week high of $14.46. The business has a 50 day moving average price of $12.10 and a 200 day moving average price of $12.14. The stock has a market cap of $578.75 million and a PE ratio of 5.74.

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

Analyst Ratings Changes

MSIF has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of MSC Income Fund from $13.50 to $12.50 and set a “neutral” rating for the company in a research report on Tuesday, September 1st. Truist Financial boosted their target price on shares of MSC Income Fund from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Oppenheimer assumed coverage on MSC Income Fund in a report on Monday, October 26th. They issued an “outperform” rating and a $15.00 target price on the stock. Finally, Zacks Research upgraded MSC Income Fund from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.