Private equity firm Main Street Capital announced today third-quarter monthly dividends of $0.155 per share, the same rate it paid in the second quarter after it raised the payout a half penny from $0.15 per share.
The board of directors said the dividends will be paid in July, August, and September, totaling $0.465 per share for the third quarter.
Since its October 2007 IPO, Main Street has regularly increased the amount of its monthly dividends paid, and has never reduced it. It paid a special dividend of $0.35 per share in January.
The regular dividend payment equates to a $1.86-per-share annual dividend yielding 6.3% based on the closing price of Main Street's stock on May 8.
The article Main Street Capital to Pay $0.465 Dividend in Q3 originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.