Main Street Capital Co. (NYSE:MAIN) declares a dividend of $0.30

Main Street Capital Co. (NYSE:MAIN – Get Your Free Report ) declared a dividend on Thursday, September 19th, investing.com reports. Stockholders of record on Monday, September 23rd will be paid a dividend of 0.30 per share by the financial services provider on Friday, September 27th. This represents a dividend yield of 7.66%. The ex-dividend date is Friday, September 20.

Main Street Capital has increased its dividend payout by an average of 18.7% annually over the past three years. Main Street Capital has a payout ratio of 73.5%, meaning its dividend is sufficiently covered by earnings. Equities research analysts expect that Main Street Capital will earn $3.98 per share next year, which means the company should be able to continue to cover its $2.94 annual dividend with an estimated future payout ratio of 73.9%.

Capital trading on Main Street rose 0.4%

Shares of Main Street Capital stock traded up $0.21 during mid-day trading on Thursday, reaching $50.38. 427,504 shares of the company’s stock were exchanged, compared to its average volume of 366,013. The company’s 50-day simple moving average is $49.74, and its 200-day simple moving average is $48.92. The company has a quick ratio of 0.07, a current ratio of 0.07, and a debt-to-equity ratio of 0.11. The firm has a market cap of $4.32 billion, a P/E ratio of 9.20 and a beta of 1.30. Main Street Capital has a fifty-two week low of $37.70 and a fifty-two week high of $52.39.

Main Street Capital (NYSE:MAIN – Get Your Free Report ) last announced its earnings results on Thursday, August 8th. The financial services provider reported $1.01 EPS for the quarter, hitting the consensus estimate of $1.01. Main Street Capital had a net margin of 87.58% and a return on equity of 14.41%. The firm had revenue of $132.15 million for the quarter, compared to the consensus estimate of $132.62 million. During the same period last year, the company posted EPS of $1.06. On average, equities analysts anticipate that Main Street Capital will post 4.13 earnings per share for the current year.

Analysts set new price targets

A number of brokerages recently issued reports on MAIN. Oppenheimer boosted their price target on shares of Main Street Capital from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Main Street Capital in a report on Wednesday, August 14th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Main Street Capital currently has a consensus rating of “Hold” and a consensus price target of $48.40, according to MarketBeat.com.

Check out our latest analysis of Main Street Capital

About Main Street Capital

(Get a free report)

Main Street Capital Corporation is a business development company specializing in equity capital for lower middle market companies. Firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature growth, later stage.

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