MAIN Dividend Increase

By Ferdi S of DivGro

Wednesday, November 1, 2023 8:22 PM EST

Mark, Marker, Hand, Write, Glass, Glass Pane

Image Source: Pixabay

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 6^th Home Run stock in September 2016 when the stock doubled my original capital outlay.

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Disclaimer: 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. ...

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