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

Main Street Capital Co. (NYSE:MAIN) announced a dividend on Thursday, February 6th,investing.com reports. Investors of record on Monday, February 10th will be given a dividend of 0.25 per share by the financial services provider on Friday, February 14th. This represents a yield of 4.91%. The ex-dividend date is Friday, February 7th.

Main Street Capital has raised its dividend payment by an average of 8.6% per year over the last three years. Main Street Capital has a payout ratio of 77.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Main Street Capital to earn $4.06 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 73.9%.

Main Street Capital Stock Down 0.1 %

Shares of NYSE:MAIN opened at $61.06 on Friday. The firm has a fifty day moving average price of $58.22 and a two-hundred day moving average price of $53.30. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 11.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. Main Street Capital has a one year low of $43.90 and a one year high of $62.19.

Main Street Capital (NYSE:MAIN) last posted its quarterly earnings data on Thursday, November 7th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.02). The business had revenue of $136.82 million for the quarter, compared to the consensus estimate of $137.57 million. Main Street Capital had a net margin of 89.25% and a return on equity of 13.83%. During the same period in the prior year, the business posted $1.04 EPS. Analysts anticipate that Main Street Capital will post 4.11 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.