Main Street Capital Co. (MAIN) To Go Ex-Dividend on April 5th

Main Street Capital Co. (NYSE:MAINGet Free Report) declared a monthly dividend on Tuesday, February 20th, investing.com reports. Stockholders of record on Monday, April 8th will be given a dividend of 0.30 per share by the financial services provider on Monday, April 15th. This represents a $3.60 annualized dividend and a dividend yield of 7.66%. The ex-dividend date is Friday, April 5th. This is an increase from Main Street Capital’s previous monthly dividend of $0.24.

Main Street Capital has increased its dividend by an average of 6.8% per year over the last three years. Main Street Capital has a dividend payout ratio of 74.2% meaning its dividend is sufficiently covered by earnings. 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 $47.01 on Wednesday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $45.66 and a 200-day simple moving average of $42.90. Main Street Capital has a fifty-two week low of $37.70 and a fifty-two week high of $47.63. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 9.01 and a beta of 1.29.

Main Street Capital (NYSE:MAINGet Free Report) 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 the consensus estimate of $1.06 by $0.06. Main Street Capital had a return on equity of 14.99% and a net margin of 85.62%. The firm had revenue of $129.31 million for the quarter, compared to the consensus estimate of $125.52 million. On average, equities analysts forecast that Main Street Capital will post 4.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MAIN. Oppenheimer raised their target price on Main Street Capital from $41.00 to $43.00 and gave the stock a “market perform” rating in a research report on Monday, February 26th. Truist Financial boosted their price objective on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, February 26th. UBS Group increased their target price on shares of Main Street Capital from $43.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Royal Bank of Canada boosted their price target on shares of Main Street Capital from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Finally, B. Riley lowered Main Street Capital from a “buy” rating to a “neutral” rating and set a $47.00 price objective for the company. in a report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $45.50.

Check Out Our Latest Report on Main Street Capital

Institutional Trading of Main Street Capital

Several large investors have recently made changes to their positions in the business. Mutual Advisors LLC lifted its position in Main Street Capital by 4.9% during the 2nd quarter. Mutual Advisors LLC now owns 5,900 shares of the financial services provider’s stock worth $227,000 after buying an additional 273 shares in the last quarter. First Republic Investment Management Inc. increased its stake in shares of Main Street Capital by 0.9% in the 2nd quarter. First Republic Investment Management Inc. now owns 34,031 shares of the financial services provider’s stock valued at $1,311,000 after buying an additional 317 shares during the period. Comerica Bank boosted its holdings in Main Street Capital by 8.2% in the fourth quarter. Comerica Bank now owns 4,471 shares of the financial services provider’s stock valued at $193,000 after acquiring an additional 339 shares during the last quarter. Harbour Investments Inc. increased its position in Main Street Capital by 15.6% in the fourth quarter. Harbour Investments Inc. now owns 2,636 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 356 shares during the period. Finally, Baird Financial Group Inc. raised its holdings in Main Street Capital by 1.2% during the 4th quarter. Baird Financial Group Inc. now owns 33,229 shares of the financial services provider’s stock worth $1,436,000 after purchasing an additional 399 shares during the last quarter. Institutional investors own 20.31% of the company’s stock.

About Main Street Capital

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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.

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Dividend History for Main Street Capital (NYSE:MAIN)

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