Main Street Capital Co. (MAIN) To Go Ex-Dividend on March 7th

Main Street Capital Co. (NYSE:MAIN) announced a monthly dividend on Friday, November 8th,Wall Street Journal 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 annualized dividend and a yield of 5.78%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Main Street Capital’s previous monthly dividend of $0.25.

Main Street Capital has increased its dividend by an average of 18.7% annually over the last three years. Main Street Capital has a payout ratio of 74.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Main Street Capital to earn $3.91 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 75.2%.

Main Street Capital Price Performance

MAIN stock opened at $51.87 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.07 and a current ratio of 0.07. Main Street Capital has a 52-week low of $40.25 and a 52-week high of $52.63. The company has a market capitalization of $4.52 billion, a P/E ratio of 9.70 and a beta of 1.29. The company has a fifty day moving average price of $50.60 and a 200-day moving average price of $50.03.

Main Street Capital (NYSE:MAIN) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. The company had revenue of $132.15 million during the quarter, compared to analysts’ expectations of $132.62 million. Main Street Capital had a return on equity of 14.06% and a net margin of 87.58%. During the same quarter in the prior year, the firm posted $1.06 earnings per share. As a group, equities analysts expect that Main Street Capital will post 4.12 EPS for the current year.

Analysts Set New Price Targets

MAIN has been the subject of a number of analyst reports. Oppenheimer increased their price target on Main Street Capital from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price target on shares of Main Street Capital in a research note on Wednesday, August 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $48.40.

About Main Street Capital

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.