Main Street Capital Co. Declares Dividend of $0.30 (NYSE:MAIN)

Main Street Capital Co. (NYSE:MAIN) declared a dividend on Tuesday, November 5th,NASDAQ Dividends reports. Investors of record on Friday, December 20th will be given a dividend of 0.30 per share by the financial services provider on Friday, December 27th. The ex-dividend date of this dividend is Friday, December 20th.

Main Street Capital has increased its dividend payment by an average of 18.7% annually over the last three years. Main Street Capital has a dividend payout ratio of 74.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Main Street Capital to earn $4.01 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 74.8%.

Main Street Capital Stock Up 0.5 %

Shares of NYSE:MAIN opened at $55.59 on Wednesday. The firm has a market capitalization of $4.90 billion, a PE ratio of 10.07 and a beta of 1.30. Main Street Capital has a 1 year low of $42.53 and a 1 year high of $55.85. 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 firm’s 50-day moving average is $53.00 and its two-hundred day moving average is $51.00.

Analyst Upgrades and Downgrades

Separately, B. Riley upped their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $48.80.

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.