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Sunday, May 11, 2025

Main Street Capital Dividend Increase

On 6 May, Main Street Capital (MAIN) increased its dividend by 2%, from 25¢ to 25.5¢ per share.

The dividend is payable on 15 July to shareholders of record on 8 July. 

MAIN's forward yield is 5.78% at $52.95 per share.

I own 200 MAIN shares at an average cost of $18.46 per share. MAIN's contribution to DivGro's projected annual dividend income will increase by $12 to $612. 

My yield on cost is now 16.58%.

Since I opened my position in March 2010, the stock has generated a total return of 373%, including $6,859 in dividend income. That's a splendid annualized rate of return of 13.4%!

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
2020 2021 2022 2023 2024 2025
$2.460 $2.475 $2.595 $2.745 $2.910 $3.030
1.44% 0.61% 4.85% 5.78% 6.01% 4.12%
5-year DGR: 3.71% 4.26%

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 20 June.

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