Main Street Capital Corp Dividend Increase

On November 2, Main Street Capital (MAIN) increased its dividend by 1.89%, from 26.5¢ to 27¢ per share.

The dividend is payable on January 15 to shareholders of record on January 8.

MAIN's contribution to DivGro's projected annual dividend income will increase by $10.80 to $583.20.

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I own 180 shares of MAIN at an average cost basis of $32.25/share. After this increase, my yield on cost is 10.05%, while the stock's forward yield is 5.75% at $56.30/share.

Since I opened my position in March 2010, the stock has delivered a 156% total return, including $4,737.73 in dividends. That's a splendid annualized rate of return of 13.4%!

MAIN became DivGro's 6th Home Run stock in September 2016, doubling my original capital outlay.

5-Year History of Dividend Payouts by Ex-Date

Main Street Capital announced another 30¢ per share supplemental cash dividend, payable December 28 to shareholders of record on December 18. This extends MAIN's streak of identical 30¢ quarterly supplementals to 12 quarters, dating back to March 2024. For my 180-share position, this payout will add an extra $54 to my December dividend income.

Created by the author

MAIN scores 6.20 on my 9-factor quality model, putting it into the Above Average band. At the same time, Seeking Alpha assigns MAIN a dividend grade of C, notably lower on the safety spectrum than Simply Safe Dividends' safety score of 62/100. MAIN's weakest link is my model's 3.9 rating for F7 Credit Rating & Capital Structure.