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Thursday, November 7, 2024

Main Street Capital Dividend Increase

Main Street Capital (MAIN) increased its monthly dividend by 2.08%, from 24.5¢ to 25¢ per share.

The dividend will be paid on 15 January 2025 to shareholders of record on 8 January 2025. The ex-dividend date is 8 January 2025.

MAIN's contribution to DivGro's projected annual dividend income will increase by $12 to $600.

I own 200 shares of MAIN at an average cost basis of $18.46 per share. Following this increase, my yield on cost is 16.25%. (MAIN's forward yield is 5.77% at $52.00 per share). 

Since I opened my MAIN position in March 2010, the stock has produced total returns of 356% (13.7% annualized), including $6,441 in dividend income. 

MAIN became DivGro's sixth Home Run stock in September 2016, when the stock doubled my original capital outlay.

5-Year History of Dividend Payouts by Ex-Date
202020212022202320242025
$2.460$2.475$2.590$2.745$2.910$3.000
1.44%0.61%4.85%5.78%6.01%3.09%
5-year DGR:3.71%4.05%

projected, assuming no further changes

Additionally, MAIN declared a supplemental cash dividend of 30¢ per share, payable on 27 December, to shareholders on record as of 20 December.


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