On Tuesday,
May 6th the Board of Directors of Main Street Capital Corporation
(MAIN) announced
a monthly dividend increase of from $0.25 to $0.255 per share,
that’s payable July 15, 2025 to holders of record July 8, 2025.
This represents a 2.0% increase over the last monthly dividend and a
4.1% increase from the regular monthly dividends paid in the third
quarter of 2024.
In addition to the regular monthly
dividends for the third quarter of 2025, the Board of Directors
declared a supplemental cash dividend of $0.30 per share payable in
June 2025.
At the current price of $53.03 (yesterday’s
close), this increase will raise MAIN’s dividend yield to 5.77%.
Main Street Capital Corporation is a
Dividend Contenders with a 15 year streak of dividend increases.
Dividend growth rates for 1, 3, 5 and 10 years are 6.0, 5.5, 3.8 and
3.8 (Dividend
Champions.xls)
As an owner of 155 shares of MAIN, the
recent dividend increase adds $6.93 to my projected annual net
dividend income.
This increase was in line with my
expectations.—and I’m happy to accept it.
This recent dividend increase marks the
12th consecutive raise I’ve received from MAIN since I acquired my
first shares in November 2018. Over this period, MAIN’s monthly
dividend has grown in line with expectations from $0.195 to $0.255.
per share, reflecting a 30.8% increase.
The moment of writing, MAIN’s weight
of my portfolio is about 1.05% and its share of future annual
dividend income is approximately 1.38%.
Following this increase, my yield on
cost is 7.99%.
Summary of 2025 Dividend Increases /
Cuts
Click here
to see my portfolio holdings.
You can follow the development of my
dividends here.
Full Disclosure: Long MAIN
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