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

Main Street Capital Co. (NYSE:MAIN) announced a monthly dividend on Thursday, November 7th, investing.com reports. Investors of record on Friday, March 7th will be given a dividend of 0.25 per share by the financial services provider on Friday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date is Friday, March 7th.

Main Street Capital has raised its dividend payment by an average of 8.6% annually over the last three years. Main Street Capital has a dividend payout ratio of 77.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Price Performance

NYSE MAIN opened at $58.95 on Wednesday. The stock’s fifty day moving average price is $60.12 and its 200 day moving average price is $54.77. Main Street Capital has a 1 year low of $45.00 and a 1 year high of $63.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 10.68 and a beta of 1.28.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, February 27th. The financial services provider reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.06). Main Street Capital had a return on equity of 13.83% and a net margin of 89.25%. The business had revenue of $140.44 million during the quarter, compared to analyst estimates of $141.40 million. As a group, equities research analysts forecast that Main Street Capital will post 4.11 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Main Street Capital stock. Brighton Jones LLC acquired a new position in shares of Main Street Capital Co. (NYSE:MAIN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,185 shares of the financial services provider’s stock, valued at approximately $304,000. Institutional investors and hedge funds own 20.31% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on MAIN shares. B. Riley increased their price target on Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Truist Financial increased their price objective on shares of Main Street Capital from $52.00 to $62.00 and gave the company a “hold” rating in a report on Monday.

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.