Main Street Capital Co. (NYSE: MAIN) will issue a monthly dividend of $0.22


Main Street Capital Co. (NYSE: MAIN – Get a rating) declared a monthly dividend on Friday, February 25, the wall street journal reports. Shareholders of record on Monday, April 4 will receive a dividend of 0.215 per share from the financial services provider on Thursday, April 14. This represents a dividend of $2.58 on an annualized basis and a dividend yield of 5.99%. The ex-dividend date is Friday, April 1.

Main Street Capital has cut its dividend by 9.7% over the past three years and has increased its dividend every year for 11 years.

Shares of NYSE: HAND traded at $1.40 on Friday, reaching $43.07. 493,449 shares of the company were traded, against an average volume of 343,852. The company has a fifty-day moving average of $43.52 and a 200-day moving average of $43.22. Main Street Capital has a 12-month low of $35.21 and a 12-month high of $47.13. The company has a market capitalization of $3.00 billion, a price/earnings ratio of 9.25, a PEG ratio of 2.01 and a beta of 1.40. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt ratio of 0.20.

A number of large investors have recently changed their holdings in MAIN. Millennium Management LLC increased its stake in Main Street Capital to 92.1% in the fourth quarter. Millennium Management LLC now owns 235,837 shares of the financial services provider valued at $10,580,000 after purchasing an additional 113,098 shares in the last quarter. Morgan Stanley increased its stake in Main Street Capital by 24.5% in the second quarter. Morgan Stanley now owns 538,140 shares of the financial services provider valued at $22,112,000 after buying an additional 106,040 shares in the last quarter. BlackRock Inc. increased its stake in Main Street Capital by 8.0% in the fourth quarter. BlackRock Inc. now owns 567,899 shares of the financial services provider valued at $25,476,000 after buying an additional 42,039 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Main Street Capital by 27.3% in the fourth quarter. Advisors Asset Management Inc. now owns 76,070 shares of the financial services provider valued at $3,413,000 after buying an additional 16,334 shares in the last quarter. Finally, Credit Suisse AG bought a new position in Main Street Capital in Q4, valued at around $426,000. 17.84% of the shares are held by institutional investors and hedge funds.

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A number of research analysts have published reports on the stock. Truist Financial raised its price target on Main Street Capital shares from $40.00 to $43.00 and gave the stock a “holding” rating in a research report on Thursday, November 11. Raymond James raised his price target on Main Street Capital shares from $44.00 to $47.00 and gave the stock an “outperform” rating in a Monday, Nov. 8 research report. Zacks Investment Research upgraded Main Street Capital shares from a “hold” rating to a “buy” rating and set a price target of $48.00 on the stock in a Tuesday, Feb. 1 research report. Finally, Royal Bank of Canada raised its price target on Main Street Capital shares from $45.00 to $48.00 and gave the stock an “outperform” rating in a Tuesday research report. November 9. Two equity research analysts gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $45.00.

About Main Street Capital (Get a rating)

Main Street Capital is a primary investment firm that provides long-term debt and equity capital to lower middle market companies. Main Street investments are primarily made to support management buyouts, recapitalizations, growth financings and acquisitions of companies that operate in various industry sectors and typically have annual revenues ranging from $10 million to $100 million. of dollars.

See also

Dividend history for Main Street Capital (NYSE:MAIN)

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