MSC Income Fund (NYSE:MSIF) Shares Set to Pay Special Dividend of $0.03

by · The Markets Daily

MSC Income Fund (NYSE:MSIF – Get Free Report) declared a special dividend on Wednesday, November 4th. Stockholders of record on Tuesday, March 16th will be paid a dividend of $0.03 per share on Tuesday, March 23rd. The ex-dividend date is Tuesday, March 16th.

MSC Income Fund Price Performance

Shares of NYSE:MSIF traded down $0.07 during midday trading on Thursday, reaching $12.28. 188,869 shares of the company’s stock were exchanged, compared to its average volume of 287,036. The firm’s 50 day simple moving average is $12.10 and its two-hundred day simple moving average is $12.14. MSC Income Fund has a fifty-two week low of $10.80 and a fifty-two week high of $14.46. The stock has a market cap of $578.75 million and a price-to-earnings ratio of 5.74.

MSC Income Fund (NYSE:MSIF – Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01).

MSC Income Fund (NYSE: MSIF) is a business development company that invests in privately held, primarily U.S.-based businesses. The fund seeks to provide capital to lower middle-market companies that may have limited access to traditional financing sources.

Its investment activities generally include providing senior secured loans, subordinated debt and other forms of financing, along with selective equity investments. MSC Income Fund works with portfolio companies across a range of industries and may support acquisitions, recapitalizations, growth initiatives and other corporate financing needs.

The fund is externally managed by MSC Adviser I, LLC, an affiliate of Main Street Capital Corporation.

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