Image Source: PixabayMain Street Capital (MAIN) increased its monthly dividend by 2.08%, from 24¢ to 24.5¢ per share.The dividend will be paid on 15 July to shareholders of record on 8 July. The ex-dividend date is 8 July.MAIN’s contribution to DivGro’s projected annual dividend income will increase by $12 to $588.I own 200 shares of MAIN at an average cost basis of $18.46 per share. Following this increase, my yield on cost is 15.93%. (MAIN’s forward yield is 5.86% at $50.19 per share). Since I opened my MAIN position in March 2010, the stock has produced annualized total returns of 30%, including $6,029 in dividend income. MAIN became DivGro’s 6^th Home Run stock in September 2016, when the stock doubled my original capital outlay.5-Year History of Dividend Payouts by Ex-Date

^?projected, assuming no further changesAdditionally, MAIN declared a supplemental cash dividend of 30¢ per share, payable on 27 June, to shareholders on record as of 21 June.More By This Author:PACCAR Dividend IncreaseRTX Dividend IncreaseApple Dividend Increase