Main Street Capital Co. (MAIN) to Issue Dividend of $0.30 on December 27th

Main Street Capital Co. (NYSE:MAIN) announced a dividend on Tuesday, November 5th,NASDAQ Dividends reports. Investors of record on Friday, December 20th will be paid a dividend of 0.30 per share by the financial services provider on Friday, December 27th. The ex-dividend date is Friday, December 20th.

Main Street Capital has increased its dividend payment by an average of 18.7% annually over the last three years. Main Street Capital has a dividend payout ratio of 74.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Main Street Capital to earn $4.01 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 74.8%.

Main Street Capital Stock Up 1.3 %

NYSE MAIN traded up $0.70 during trading hours on Wednesday, hitting $56.32. 64,971 shares of the company were exchanged, compared to its average volume of 364,023. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 10.07 and a beta of 1.30. The company has a 50 day moving average of $53.00 and a two-hundred day moving average of $51.00. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. Main Street Capital has a 52-week low of $42.53 and a 52-week high of $56.43.

Wall Street Analysts Forecast Growth

Separately, B. Riley lifted their price target on shares of Main Street Capital from $49.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $48.80.

Main Street Capital Company Profile

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.