Stock Purchase – MAIN
Main Street Capital Corporation (MSCC) is a principal investment firm which provides customized debt and equity financing to lower middle market (LMM) companies and debt capital to middle market (Middle Market) companies.
[stock_ticker symbols=”MAIN” show=”symbol” static=”1″]
DIV Yield: 6.82%
P/E Ratio: 14.58
Since I now own 77 shares, this will make my portfolio’s projected annual net dividend income $166.32 (not including the special dividend months).
That increase rises my YOC to 7.3%.
MAIN has been paying steady monthly dividends since January 2009. They are decently consistent on raising the dividend every year, with one or two blemishes and currently sits at 18¢ a share. You can see their entire dividend history here.
For the last two years, they have been paying a special dividend of 0.275 cents a share on the 6th and 12th month of the year. I will not be basing my calculations with the special dividend and will just assume the regular dividend.
Stock Purchase – MAIN Transactions
|2015-11-11||Bought: 10 shares of MAIN at $30.35 per share:||$||303.50|
|2015-12-14||Dividend on 10 shares at 18¢ per share:||$||1.80|
|2015-12-24||Dividend on 10 shares at 0.275¢ per share||$||2.75|
|2015-12-28||Bought 10 shares of MAIN at $29.95 per share||$||299.50|
|2015-12-30||Bought 10 shares of MAIN at $29.25 per share||$||292.50|
|2016-01-13||Bought 2 shares of MAIN at $28.10 per share||$||56.20|
|2016-01-15||Dividend on 10 shares at 0.18¢ per share||$||1.80|
|2016-01-20||Bought 15 shares of MAIN at $26.50 per share||$||397.50|
|2016-02-01||Bought 5 shares of MAIN at $28.25 per share||$||141.25|
|2016-02-17||Dividend on 32 shares at 18¢ per share:||$||5.76|
|2016-03-15||Dividend on 52 shares at 18¢ per share:||$||9.36|
|2016-04-15||Dividend on 52 shares at 18¢ per share:||$||9.36|
|2016-04-28||Bought 25 shares of MAIN at $31.38 per share||$||784.50|
|Total Capital Invested||$||2,274.95|
|Total Dividends Received:||$||30.83|
As of the time of this post, I’m currently up 5.97% on my capital on top of the dividends I have received. Not bad for a Dividend Beginner!
Stock Purchase – MAIN
Perhaps I bought too high this time, but with the special dividend coming out and the fact that I wanted to increase my Beginner Dividend Portfolio to begin with, it seemed like a right call to begin with. Next time, I will wait until MAIN manages to dip below $30 a share.
Click here to see my portfolio holdings.