Since I sold yesterday I had money burning a hole in my account. And I’m a pretty good saver till money gets in my account. I suppose that’s a good thing.
So since I had extra money from the sell, I decided to start looking and wasn’t to concerned about which month it goes to.
Main Street Capital Corp. is a business development company that invests in lower middle market companies with strong management teams, stable positive cash flows, strong competitive advantages with a proven market position, revenues of $10 – $150 million and EBITDA of $3 – $20 million located in North America. The fund targets companies operating in the fields of consumer discretionary, energy, financials, health care, industrials, materials, technology, telecommunications and transportation. It provides debt, equity and warrant financing for growth, management buyouts, recapitalizations, refinancing, expansion & growth capital, family estate planning and acquisitions. It makes investments in the range of $5 to $75 million.
As I was looking I had the perfect stock on my portfolio already. So I pulled the plug on 60 shares of Main. This is my second buy of main this 60 shares adds 11.1 dollars a month to each month. This brings my monthly total to 17.59 a month and yearly total before drip to 211.12 dollars a year.
I am long Main and not a professional stock picker so do your own research before buying.
My life of investing and hobbies 
One of my favorite portfolio stocks. What’s not to love about monthly dividends 🙂
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Love the monthly payouts also have 5 small ones. Want to add to them all eventually
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Hi Doug,
Monthly dividend payments are always nice! It looks too risky for me though as I stay away from the higher yielding dividend stocks.
Best wishes,
-DL
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I love it looked at it awhile before buying. I love my BDC and anything else that pays monthly. Thanks for stopping by.
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Nice. Seems to be a good buy.
Which are other monthly paying dividend stocks that you would suggest as a good buy ?
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I’m not a professional so I can’t recommend any but you can do research and see if they fit your criteria reality income ticker is O. Other than that except for a few I don’t really know of to many that are solid. I’m sure there are others if I find them and like them I will add them
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MAIN is a very popular name among many of our fellow dividend bloggers. I do not hold any BDCs. For now the only “exotic” stocks I own are some health REITs. Of course, that yield of MAIN is hard to ignore. Nice pick up.
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I have a couple of BDC I love them and they are all well run for now. I own a couple of Reits looking at a few others but also don’t want to ignore other stocks
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I used to have O, it was also paying monthly and it raises dividends all the time. It’s great to own some REITs. I have 15% of my 401K in REITs, it pays so much dividend, has been out performing so my S&P 500 by a long shot. 🙂 great choice to buy main. I’m thinking they are also following the same path.
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Yup I love Reits and BDCs just started looking at BDCs but have made a few purchases
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Main Street seems like a solid company. I know they came to my school to recruit and they certainly looked like they knew what they were doing. Great highlight!
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It does seem like a great company I’m going to slowly keep adding to this position as long as it remains solid
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