Main Street Capital Dividend Increase
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Main Street Capital (MAIN) increased its monthly dividend by 2.08%, from 24¢ to 24.5¢ per share.
The dividend will be paid on 15 July to shareholders of record on 8 July. The ex-dividend date is 8 July.
MAIN's contribution to DivGro's projected annual dividend income will increase by $12 to $588.
I own 200 shares of MAIN at an average cost basis of $18.46 per share. Following this increase, my yield on cost is 15.93%. (MAIN's forward yield is 5.86% at $50.19 per share).
Since I opened my MAIN position in March 2010, the stock has produced annualized total returns of 30%, including $6,029 in dividend income.
MAIN became DivGro's 6th Home Run stock in September 2016, when the stock doubled my original capital outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $2.425 | $2.460 | $2.475 | $2.590 | $2.745 | ⬆ | $2.910✝ |
| 5.43% | 1.44% | 0.61% | 4.85% | 5.78% | ⬆ | 6.01% |
| 5-year DGR: | 3.60% | ⬆ | 3.71% | |||
✝projected, assuming no further changes
Additionally, MAIN declared a supplemental cash dividend of 30¢ per share, payable on 27 June, to shareholders on record as of 21 June.
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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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