Main Street says higher dividend is coming

|About: Main Street Capital (MAIN)|By:, SA News Editor

"Q4 distributable NII ... will exceed both our previously declared regular monthly dividends per share for Q4 of $0.48 per share and our previously provided distributable NII guidance of between $0.54 and $0.55 per share ... we expect Q1 distributable NII per share will also exceed our previously declared regular monthly dividends per share for the Q1 of $0.495 per share."

Entering 2014 on an annualized dividend of $2.48 per share (the regular payout of $0.495 plus 2 supplemental dividends of $0.25 each), MAIN management expects at least one more increase in the dividend this year, with the annualized pace being more than $2.50 a year from now.