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

Main Street Capital Co. (NYSE:MAIN) declared a dividend on Tuesday, November 5th,NASDAQ Dividends reports. Stockholders of record on Friday, December 20th will be paid 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 raised its dividend payment by an average of 18.7% annually over the last three years. Main Street Capital has a 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 Price Performance

Main Street Capital stock opened at $55.59 on Wednesday. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 10.07 and a beta of 1.30. Main Street Capital has a 12-month low of $42.53 and a 12-month high of $55.85. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The business’s 50-day simple moving average is $53.00 and its 200 day simple moving average is $51.00.

Analyst Upgrades and Downgrades

Separately, B. Riley boosted their price target 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.