Main Street Capital Co. (NYSE:MAIN) to Issue Monthly Dividend of $0.25

Main Street Capital Co. (NYSE:MAIN) declared a monthly dividend on Thursday, February 27th, Wall Street Journal reports. Stockholders of record on Friday, June 6th will be given a dividend of 0.25 per share by the financial services provider on Friday, June 13th. This represents a $3.00 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend is Friday, June 6th.

Main Street Capital has increased its dividend by an average of 8.6% per year over the last three years. Main Street Capital has a dividend 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. 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 0.7 %

Main Street Capital stock opened at $59.63 on Thursday. Main Street Capital has a fifty-two week low of $45.00 and a fifty-two week high of $63.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market capitalization of $5.26 billion, a P/E ratio of 10.80 and a beta of 1.28. The stock has a 50-day simple moving average of $59.85 and a 200-day simple moving average of $54.42.

Analysts Set New Price Targets

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