Another dividend increase was announced and i love them. the more the better. Companys that regularly raise their dividend are awesome. One of the primary benefits of investing in dividend-paying companies is dividends tend to steadily grow over time.
So lets get down to the basics of this. HOUSTON, Aug. 2, 2017 /PRNewswire/ — Main Street Capital Corporation (NYSE:MAIN) (“Main Street”) is pleased to announce that its Board of Directors declared regular monthly cash dividends of $0.19 per share for each of October, November and December 2017. These monthly dividends, which will be payable pursuant to the table below, total $0.57 per share for the fourth quarter of 2017 and represent a 3% increase from both the regular monthly dividends paid for the fourth quarter of 2016 and the regular monthly dividends declared for the third quarter of 2017. Since its October 2007 initial public offering, Main Street has periodically increased the amount of its regular monthly dividends paid per share, and has never reduced its regular monthly dividend amount per share. Including all dividends declared to date, Main Street will have paid $21.115 per share in cumulative cash dividends since its October 2007 initial public offering at $15.00 per share.
This dividend raise is $.005 so half a cent a month but compared over time it sure adds up Since I own 101.12 shares this will add up to .5056 extra a month or $6.067 a year\. Gotta love dividend raises.
OHI 4.36 third raise this year
NRZ 9.27 second raise this year
O .081 This is the third raise for this year
OHI 2.03 2nd raise
announced last year effective this year
The total is $64.1832 in raises so far.
Have you had any raises lately?