This Monthly Dividend Stock Has Raised Its Base Payout 12 Times Since 2021 -- And Never Cut It Since 2007
Main Street Capital set its monthly dividend at a level it can easily sustain.
Overview
Main Street Capital (NYSE: MAIN) has been a very reliable income stock. The business development company (BDC) has never cut its base monthly dividend since going public in 2007, something most of its peers have done at least once. Instead, it has increased this payment by 141% overall, including 12 raises since 2021.
Here's a closer look at what makes it such a bankable monthly dividend stock.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.