Main Street declares 3% higher monthly dividends of USD0.185 per share for Q2 2017.
M2 EQUITYBITES-February 24, 2017-Main Street declares 3% higher monthly dividends of USD0.185 per share for Q2 2017
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The board of directors of Main Street Capital Corporation (NYSE:MAIN) approved regular monthly cash dividends of USD0.185 per share for each of April, May and June 2017, which equals a rate of USD0.555 per share for the second quarter of 2017, the company reported on Thursday.
This dividend is an increase of 3% from that paid in the second quarter of 2016. Also, the company said that since its October 2007 initial public offering, it has periodically increased its regular monthly dividends and including all dividends declared to date, it will have paid USD19.715 per share in cumulative cash dividends.
With ex-dividend dates of 17 March, 18 April and 17 May, all shareholders of record dates on 21 March, 20 April and 19 May will be paid the dividends on 13 April, 15 May and 14 June 2017, respectively.
Also, the company's dividend reinvestment plan (DRIP) provides for the reinvestment of dividends by its registered stockholders with shares held with its transfer agent and registrar, American Stock Transfer and Trust Company, or certain brokerage firms that have elected to participate in DRIP. All such stockholders will have their dividend automatically reinvested into additional shares of common stock under the DRIP, if they have not "opted out" of it by their dividend record date.
A principal investment firm, MAIN provides long-term debt and equity capital. Its portfolio investments support management buyouts, recapitalisations, growth financing, refinancing and acquisitions of companies that operate in diverse industry sectors.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Feb 24, 2017|
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