Main Street Capital Dividend Increase

Image Source: Main Street Capital () 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  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 changesAdditionally, MAIN declared a supplemental cash dividend of 30¢ per share, payable on 27 June, to shareholders on record as of 21 June.More By This Author:PACCAR Dividend IncreaseRTX Dividend IncreaseApple Dividend Increase