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Main Street Capital (NYSE:MAIN) declared a dividend payable on March 15, 2021 to its shareholders as of November 3, 2020. It was also announced that shareholders of Main Street Capital's stock as of February 26, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Main Street Capital is set for February 25, 2021. The company's current dividend payout sits at $0.2, equating to a dividend yield of 8.73% at current price levels.
Understanding Ex-Dividend Dates'
An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.
Understanding Main Street Capital's Dividend History
Over the past year, Main Street Capital has seen its dividend payouts remain the same and its yields climb upward overall. Last year on October 28, 2020 the company's payout sat at $0.2, which has returned to its value today. Main Street Capital's dividend yield last year was 8.2%, which has since grown by 0.53%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
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