Summary
How do you improve a dividend growth company paying a well supported monthly dividend? Increase the dividend.
Main's latest quarter was very good on top of a bunch of good quarters.
Even though the price has gone up some of late, the current market price is still under my buy price of $41.
What did I think last time?
I last wrote about Main Street Capital (MAIN) on June 8. I think the subtitle, “Better Than All the Rest”, sums up what I thought of Main. Well supported monthly dividend payments, with a boost from two semi-annual payments are well supported by a growing NAV (Net Asset Value) per share and growing DNII (Distributable Net Investment Income) per share make Main a very good investment. At the time, shares of MAIN were also selling below my buy price of $40. Note that my buy price was based on a prediction that the dividend increase would be half a penny a month (which turned out to be correct) and that only 2 more semi-annual payments would be paid.
