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

2020 2021 2022 2023 2024 2025
$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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