Main Street Capital Corporation (MAIN) Announces Monthly Dividend of $0.19
Main Street Capital Corporation (NYSE:MAIN) announced a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Thursday, February 22nd will be paid a dividend of 0.19 per share by the financial services provider on Thursday, March 15th. This represents a $2.28 annualized dividend and a yield of 5.68%. The ex-dividend date is Wednesday, February 21st.
Main Street Capital Corporation has raised its dividend by an average of 5.4% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Main Street Capital Corporation has a dividend payout ratio of 98.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Main Street Capital Corporation to earn $2.32 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 98.3%.
Main Street Capital Corporation (NYSE:MAIN) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The business had revenue of $50.30 million for the quarter, compared to analysts’ expectations of $47.82 million. Main Street Capital Corporation had a net margin of 86.36% and a return on equity of 10.24%. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS.
Several research firms have issued reports on MAIN. BidaskClub upgraded shares of Main Street Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. ValuEngine upgraded shares of Main Street Capital Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Main Street Capital Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, National Securities restated a “sell” rating and set a $33.00 target price on shares of Main Street Capital Corporation in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Main Street Capital Corporation presently has a consensus rating of “Hold” and a consensus price target of $38.98.
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About Main Street Capital Corporation
Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC’s principal investment objective is to maximize its portfolio’s total return by generating current income from the Company’s debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company.
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