MVC Capital, Inc. (NYSE:MVC) Plans $0.15 Quarterly Dividend

MVC Capital, Inc. (NYSE:MVC) declared a quarterly dividend on Monday, July 15th, NASDAQ reports. Investors of record on Thursday, July 25th will be paid a dividend of 0.15 per share by the investment management company on Wednesday, July 31st. This represents a $0.60 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend is Wednesday, July 24th.

MVC Capital has raised its dividend by an average of 3.6% per year over the last three years and has raised its dividend every year for the last 2 years. MVC Capital has a dividend payout ratio of 260.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect MVC Capital to earn $0.62 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 96.8%.

Shares of MVC stock opened at $9.48 on Tuesday. The business’s fifty day moving average price is $9.28. The firm has a market capitalization of $167.32 million, a PE ratio of 17.16 and a beta of 0.74. MVC Capital has a 1 year low of $7.96 and a 1 year high of $9.91. The company has a debt-to-equity ratio of 0.49, a quick ratio of 8.77 and a current ratio of 8.77.

MVC Capital (NYSE:MVC) last issued its quarterly earnings data on Monday, June 10th. The investment management company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.15. The firm had revenue of $8.59 million during the quarter. MVC Capital had a return on equity of 4.54% and a net margin of 17.72%. As a group, sell-side analysts anticipate that MVC Capital will post 0.62 EPS for the current year.

In related news, Chairman Michael T. Tokarz purchased 11,068 shares of the company’s stock in a transaction on Monday, July 8th. The stock was bought at an average price of $9.37 per share, with a total value of $103,707.16. Following the completion of the transaction, the chairman now owns 998,100 shares of the company’s stock, valued at approximately $9,352,197. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.85% of the company’s stock.

Several brokerages recently issued reports on MVC. TheStreet cut Resolute Forest Products from a “b-” rating to a “c+” rating in a report on Wednesday, June 12th. Zacks Investment Research raised HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Finally, Maxim Group reissued a “buy” rating and set a $13.00 price target on shares of MVC Capital in a research report on Thursday, June 13th.

MVC Capital Company Profile

MVC Capital, Inc is a business development company specializing in equity, acquisition financing, mezzanine financing, management buyouts, leveraged buildups, corporate partnerships, PIPE transactions, going private transactions, private company recapitalizations, operational turnarounds, and growth and expansion capital transaction financing.

Featured Article: Quiet Period Expirations

Dividend History for MVC Capital (NYSE:MVC)

Receive News & Ratings for MVC Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MVC Capital and related companies with MarketBeat.com's FREE daily email newsletter.