Main Street Capital Co. (MAIN) To Go Ex-Dividend on December 20th

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 is Friday, December 20th.

Main Street Capital has increased its dividend by an average of 18.7% per year 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. 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 0.3 %

MAIN opened at $55.76 on Wednesday. Main Street Capital has a 52 week low of $42.53 and a 52 week 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 firm has a 50-day simple moving average of $53.00 and a two-hundred day simple moving average of $51.00. The company has a market capitalization of $4.92 billion, a PE ratio of 10.07 and a beta of 1.30.

Wall Street Analysts Forecast Growth

Separately, B. Riley boosted their target price on shares of Main Street Capital from $49.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Main Street Capital currently has an average 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.