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Friday, May 10, 2024

Main Street Capital Dividend Increase

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
201920202021202220232024
$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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