MSC Income Fund to Issue Monthly Dividend of $0.11 (NYSE:MSIF)

MSC Income Fund (NYSE:MSIF) declared a monthly dividend on Wednesday, August 5th. Stockholders of record on Friday, October 2nd will be paid a dividend of 0.11 per share on Friday, October 9th. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date is Friday, October 2nd.

MSC Income Fund Price Performance

MSC Income Fund stock traded up $0.30 during trading on Thursday, reaching $11.77. The company had a trading volume of 407,938 shares, compared to its average volume of 324,237. The company has a market capitalization of $555.13 million and a price-to-earnings ratio of -3,568.96. The company has a 50-day moving average of $11.58. MSC Income Fund has a 1-year low of $10.80 and a 1-year high of $15.14.

MSC Income Fund (NYSE:MSIF) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05).

Analyst Ratings Changes

Several research firms recently weighed in on MSIF. Royal Bank Of Canada reduced their price target on shares of MSC Income Fund from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday, June 4th. UBS Group lowered their price objective on MSC Income Fund from $14.00 to $13.50 and set a “neutral” rating on the stock in a report on Monday, May 18th. Truist Financial cut their price objective on MSC Income Fund from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. B. Riley Financial assumed coverage on MSC Income Fund in a report on Thursday, June 18th. They set a “buy” rating and a $13.00 target price for the company. Finally, Zacks Research upgraded MSC Income Fund from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.88.

MSC Income Fund (NYSE: MSIF) is a publicly traded investment company listed on the New York Stock Exchange that aims to provide shareholders with current income and the potential for capital appreciation through a diversified portfolio of income-producing assets. The fund offers investors a single vehicle to gain exposure to a variety of yield-generating securities managed under a unified investment strategy.

The fund’s portfolio strategy emphasizes a broad approach to income generation, with allocations that can include fixed-income instruments and other income-oriented securities.