Main Street (MAIN) announced its next dividend of 24¢ per share, a 2.13% increase over the company's previous payout of 23.5¢.
DivGro's annual dividend income will increase by $18.00 as a result.
I own 300 shares of MAIN at an average cost basis of $21.65 per share. Following this increase, my yield on cost is 13.30%. In comparison, MAIN's forward yield is 7.33% at $39.30 per share.
MAIN became DivGro's 6thHome Run stock in September 2016 when the stock doubled my original capital outlay.
I'm not an investment professional or a licensed financial advisor. This article represents my personal views and decisions, which may not be appropriate for other investors. Please use common sense or consult with an investment professional before investing your money. I am not responsible for the outcomes of your decisions, nor am I responsible for the comments posted by readers or the contents of any linked websites.
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