Main Street Capital Corporation (NYSE:MAIN – Get Free Report) announced a quarterly dividend on Monday, August 4th, investing.com reports. Investors of record on Wednesday, October 8th will be paid a dividend of 0.30 per share by the financial services provider on Wednesday, October 15th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, October 8th.
Main Street Capital has a dividend payout ratio of 78.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 1.5%
Main Street Capital stock opened at $62.98 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.09 and a current ratio of 0.09. Main Street Capital has a 52-week low of $47.00 and a 52-week high of $67.77. The firm has a 50 day moving average price of $65.14 and a two-hundred day moving average price of $59.81. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 10.38 and a beta of 0.87.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on MAIN shares. Zacks Research upgraded Main Street Capital from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 20th. Royal Bank Of Canada raised their target price on Main Street Capital from $52.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. B. Riley boosted their price target on Main Street Capital from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, August 18th. UBS Group reaffirmed a “neutral” rating and set a $58.00 price objective (up previously from $56.00) on shares of Main Street Capital in a research report on Wednesday, July 16th. Finally, Wall Street Zen upgraded shares of Main Street Capital from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Main Street Capital has an average rating of “Moderate Buy” and an average price target of $61.20.
Get Our Latest Analysis on MAIN
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.
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