1 day Ago By ABMN Staff
Main Street Capital Co. ( NYSE:MAIN – Get Free Report ) announced a dividend on Wednesday, September 18th, investing.com reports.
Shareholders of record on Monday, September 23rd will be given a dividend of 0.30 per share by the financial services provider on Friday, September 27th. This represents a yield of 7.
66%. The ex-dividend date is Friday, September 20th. 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 73.5% meaning its dividend is sufficiently covered by earnings.
Analysts expect Main Street Capital to earn $3.98 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 73.
9%. Main Street Capital Stock Up 0.7 % Shares of MAIN stock traded up $0.
33 during trading hours on Wednesday, reaching $50.17. 346,909 shares of the stock were exchanged, compared to its average volume of 365,670.
The company has a debt-to-equity ratio of 0.11, a current ratio of 0.07 and a quick ratio of 0.
07. Main Street Capital has a 12-month low of $37.70 and a 12-month high of $52.
39. The firm has a market capitalization of $4.30 billion, a P/E ratio of 9.
16 and a beta of 1.30. The business’s fifty day moving average is $49.
78 and its two-hundred day moving average is $48.92. Analyst Upgrades and Downgrades Several equities research analysts have commented on MAIN shares.
Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Main Street Capital in a research report on Wednesday, August 14th. Oppenheimer boosted 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. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company.
According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $48.40. Read Our Latest Stock Report on Main Street Capital Main Street Capital Company Profile ( Get Free Report ) 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. Read More Receive News & Ratings for Main Street Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Main Street Capital and related companies with MarketBeat.com's FREE daily email newsletter .
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