Main Street Capital Corporation (NYSE:MAIN) declared a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Friday, December 29th will be given a dividend of 0.19 per share by the financial services provider on Friday, January 12th. This represents a $2.28 annualized dividend and a dividend yield of 5.68%. The ex-dividend date is Thursday, December 28th.

Main Street Capital Corporation has raised its dividend by an average of 5.4% per year over the last three years and has raised its dividend every year for the last 6 years. Main Street Capital Corporation has a 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 fall. Equities 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The firm had revenue of $50.30 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share.

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Several brokerages have recently issued reports on MAIN. Zacks Investment Research raised Main Street Capital Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Thursday, August 10th. BidaskClub raised Main Street Capital Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. National Securities reaffirmed a “sell” rating and issued a $33.00 price target on shares of Main Street Capital Corporation in a research report on Tuesday, August 8th. Finally, ValuEngine raised Main Street Capital Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned 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.

Main Street Capital Corporation Company Profile

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.

Dividend History for Main Street Capital Corporation (NYSE:MAIN)

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