Image Source: PixabayMain Street (MAIN) announced its next dividend of 24¢ per share, a 2.13% increase over the company’s previous payout of 23.5¢.
DivGro’s annual dividend income will increase by $18.00 as a result.
I own 300 shares of MAIN at an average cost basis of $21.65 per share. Following this increase, my yield on cost is 13.30%. In comparison, MAIN’s forward yield is 7.33% at $39.30 per share.
MAIN became DivGro’s 6th Home Run
stock in September 2016 when the stock doubled my original capital outlay.More By This Author:AbbVie Inc. Dividend IncreaseVisa Dividend Increase2022 Annual Review
