Main Street Capital Co. (NYSE:MAIN) announced a special dividend on Thursday, April 20th. Shareholders of record on Monday, June 19th will be given a dividend of 0.275 per share by the financial services provider on Monday, June 26th. This represents a yield of 5.67%. The ex-dividend date is Thursday, June 15th.
Main Street Capital 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 has a dividend payout ratio of 99.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Main Street Capital to earn $2.27 per share next year, which means the company should continue to be able to cover its $2.22 annual dividend with an expected future payout ratio of 97.8%.
Shares of Main Street Capital (NYSE:MAIN) opened at 38.17 on Friday. The firm’s 50-day moving average price is $39.00 and its 200 day moving average price is $37.17. Main Street Capital has a 1-year low of $31.42 and a 1-year high of $40.86. The stock has a market capitalization of $2.13 billion, a P/E ratio of 13.22 and a beta of 1.10.
Main Street Capital (NYSE:MAIN) last issued its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.56 EPS for the quarter, hitting analysts’ consensus estimates of $0.56. Main Street Capital had a net margin of 56.26% and a return on equity of 10.38%. The business had revenue of $47.90 million for the quarter, compared to analyst estimates of $47.24 million. During the same period last year, the business posted $0.54 earnings per share. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. Analysts expect that Main Street Capital will post $2.24 EPS for the current fiscal year.
MAIN has been the topic of a number of research analyst reports. FBR & Co lowered shares of Main Street Capital from an “outperform” rating to a “mkt perform” rating and set a $37.00 price objective on the stock. in a report on Friday, January 20th. National Securities reaffirmed a “sell” rating and issued a $33.00 target price on shares of Main Street Capital in a research report on Monday, February 27th. Vetr raised shares of Main Street Capital from a “hold” rating to a “buy” rating and set a $40.90 target price for the company in a research report on Wednesday, May 10th. Zacks Investment Research downgraded shares of Main Street Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Main Street Capital in a research report on Monday, February 27th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $38.13.
Main Street Capital 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.
Receive News & Ratings for Main Street Capital Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Main Street Capital Co. and related companies with MarketBeat.com's FREE daily email newsletter.