Image Source: PixabayMain Street Capital (MAIN) recently increased its monthly dividend by 2.08%, from 24.5 cents to 25 cents per share. The dividend will be paid on Jan. 15, 2025 to shareholders of record on Jan. 8, 2025. The ex-dividend date is Jan. 8, 2025.The stock’s contribution to my 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% (the stock’s forward yield is 5.77% at $52.00 per share).Since I opened my Main Street Capital position in March 2010, the stock has produced total returns of 356% (13.7% annualized), including $6,441 in dividend income. The stock became my portfolio’s sixth Home Run stock in September 2016, when the stock doubled my original capital outlay.
Five-Year History of Dividend Payouts by Ex-Date
Additionally, the stock declared a supplemental cash dividend of 30 cents per share, payable on Dec. 27, to shareholders on record as of Dec. 20.More By This Author:Atmos Energy Dividend IncreaseEvergy Dividend IncreaseAutomatic Data Processing Dividend Increase
