Main Street Capital Co. (MAIN) To Go Ex-Dividend on June 21st

Main Street Capital Co. (NYSE:MAIN) announced a dividend on Saturday, June 15th, investing.com reports. Investors of record on Monday, June 24th will be given a dividend of 0.30 per share by the financial services provider on Thursday, June 27th. This represents a yield of 7.64%. The ex-dividend date of this dividend is Friday, June 21st.

Main Street Capital has raised its dividend by an average of 18.7% per year over the last three years. Main Street Capital has a payout ratio of 74.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Main Street Capital to earn $3.93 per share next year, which means the company should continue to be able to cover its $2.94 annual dividend with an expected future payout ratio of 74.8%.

Main Street Capital Trading Up 0.4 %

MAIN stock opened at $49.34 on Monday. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 9.00 and a beta of 1.28. Main Street Capital has a 52 week low of $37.70 and a 52 week high of $51.10. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $48.79 and a 200-day simple moving average of $46.10.

Main Street Capital (NYSE:MAIN) last issued its earnings results on Thursday, May 9th. The financial services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.02. The company had revenue of $131.61 million during the quarter, compared to the consensus estimate of $128.00 million. Main Street Capital had a return on equity of 14.83% and a net margin of 89.11%. During the same quarter in the prior year, the business earned $1.02 earnings per share. On average, equities research analysts expect that Main Street Capital will post 4.06 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MAIN. B. Riley increased their target price on shares of Main Street Capital from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Royal Bank of Canada upped their price target on shares of Main Street Capital from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Truist Financial boosted their target price on shares of Main Street Capital from $45.00 to $52.00 and gave the company a “hold” rating in a research note on Monday, May 13th. UBS Group upped their price target on shares of Main Street Capital from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Finally, Oppenheimer raised their price objective on shares of Main Street Capital from $41.00 to $43.00 and gave the company a “market perform” rating in a research report on Monday, February 26th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $47.67.

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.