It’s the Most Wonderful Time of Year!

Anticipating that Special dividend from Main Street Capital (MAIN) !

That’s right – Anticipating that Special dividend from Main Street Capital (MAIN) !

Main Street Capital will pay a special dividend to owners of record as of 19 December 2017 (Ex Dividend December 18) on December 27th this year. The special dividend rate is $.275 per share.

Main Street Capital is a Business Development Company that pays monthly dividends of $.19 per share and in addition historically pays a Special Dividend twice a year once at mid year and once at the end of the year. This marks the 5th year of MAIN paying  special dividends of at least $.55 per share in addition to its normal monthly dividends.

MAIN is considered a top notch BDC among investors and is a great investment consideration for those that seek current investment income.

Main Street Capital is currently in two of my portfolios – Should it be in yours ?

Thoughts and comments re always welcome.

 

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Double Fun – Double Pleasure

I have owned this stock less than a year now but I am confident I will hold it in my portfolio for years to come.

Southside Bancshare Inc. (SBSI) has it all – Relatively high dividends ( for a Bank) , Pays Special Dividend and to top it off pays a “Share Dividend” every year. I am not one to invest in banks but with this one I made an exception for myself.

Southside Bancshares, Inc. is a holding company for Southside Bank, a  regional bank established in 1960 and is located in Tyler, Texas and serves central, eastern and northern Texas with it’s current 60 locations and 70 ATMs. It is a full service bank with more than $5.6 Billion in assets.

Southside Bancshares Tyler Trust Building
Southside Bancshares Tyler Trust Building

It has a current quarterly dividend of 0.25 cents per share ( $1.00 per share annually) with a current dividend yield of 2.81% with a payout ratio of approximately 54%. (May 2017)

In addition to its regular dividend it also pays a “Special Dividend” historically in December  of each year with the last two being  .0500 per share (December 2016) and .0762 per share (December 2015). A special dividend is one that is paid in addition to the regular dividend a stock pays.

And as an added bonus the SBSI pays an annual “Share Dividend” usually in May or June of each year with this years Share Dividend expected to be announced any day now. It has paid this “Share Dividend ” each year since 1997 and has paid a regular dividend since June 1997. The first year the dividend was paid on a semi-annual basis.

For more detailed information you can visit its Investor Relations Page.

 

I have owned this stock less than a year now but I am confident I will hold it in my portfolio for years to come. In my opinion it will continue to be a real winner for me. Maybe it just might be the stock you have been looking for!

 

Your comments are always welcome!