What If You Bought 31 Shares Of This Stock?

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Most monthly dividend stocks are terrible.

Many of these businesses steadily decline in value over time, slashing payouts on their way to zero. And even some of the better monthly dividend stocks, such as Realty Income, fail to beat the market.

Main Street Capital Corporation ($MAIN) is the rare exception.

This is a company that pays monthly dividends as well as special quarterly distributions. So investors actually receive 16 payments per year.

But that’s not all…

Main Street Capital has also delivered a 10-year average annual total return of 15.28%.

Since Main Street Capital pays monthly, here’s what would happen if you bought 31 shares of stock in order to collect the equivalent of one dividend payment for every day of the week…

At the time of writing, Main Street Capital Corporation trades for $57.45 per share.

So, you’d be paying 31 x $57.45, or $1,780.95.

Each share currently pays a monthly dividend of $0.255, or $3.06 per year. In addition, the company’s special quarterly dividends total $1.20 per share annually.

So, one share of Main Street Capital Corporation costs $57.45 but pays $4.26 ($3.06 + $1.20) in total annual dividends.

With 31 shares, an investor would receive $132.06 in annual income — assuming no distributions are reinvested — or about $0.36 per day. This may not sound like much, but it’s enough to cover a year’s worth of Brita filters, ground coffee for brewing at home, or a hearty supply of used books.

This isn’t a Main Street Capital Corporation recommendation, but it is a good reminder that consistent, income-producing assets can quietly cover real-life expenses.

Even if you’re not withdrawing your dividends, those monthly payments are accruing in the background, offsetting actual expenses like coffee and paperbacks.

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Disclaimer: This article is for entertainment purposes only. It is not financial advice, always do your own research.