Main Street Capital to pay supplemental dividend in March

Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that its Board of Directors declared regular monthly cash dividends of $0.215 per share for each of April, May and June 2022.  These monthly dividends, which will be payable pursuant to the table below, total $0.645 per share for the second quarter of 2022, represent a 4.9% increase from the regular monthly dividends paid for the second quarter of 2021 and are consistent with the regular monthly dividends declared for the first quarter of 2022. Since its October 2007 initial public offering, Main Street has periodically increased the amount of its regular monthly dividends paid per share and has never reduced its regular monthly dividend amount per share.

Summary of Second Quarter 2022 Regular Monthly Dividends

Declared	Ex-Dividend Date	Record Date	Payment Date	Amount Per Share
2/23/2022 2/23/2022 2/23/2022	4/1/2022 5/2/2022 6/1/2022	4/4/2022 5/3/2022 6/2/2022	4/14/2022 5/13/2022 6/15/2022	$0.215 $0.215 $0.215
		Total for Second Quarter 2022:		$0.645

In addition to the regular monthly dividends for the second quarter of 2022, the Board of Directors declared a supplemental cash dividend of $0.075 per share payable in March 2022. This supplemental cash dividend, which will be payable as set forth in the table below, will be paid out of Main Street's undistributed taxable income (taxable income in excess of dividends paid) as of December 31, 2021. Including all dividends declared to date, including the second quarter 2022 regular monthly dividend and the first quarter 2022 supplemental dividend, Main Street will have paid $33.54 per share in cumulative cash dividends since its October 2007 initial public offering at $15.00 per share. 

Supplemental Cash Dividend Payable in March 2022

Declared	Ex-Dividend Date	Record Date	Payment Date	Amount Per Share
2/23/2022	3/21/2022	3/22/2022	3/30/2022	$0.075

Dividend increase #14 of 2022 : The Coca-Cola Company

The Board of Directors of The Coca-Cola Company today approved the company’s 60th consecutive annual dividend increase, raising the quarterly dividend approximately 5 percent from 42 cents to 44 cents per common share.

The quarterly dividend is equivalent to an annual dividend of $1.76 per share, up from $1.68 per share in 2021. The first quarter dividend is payable April 1 to share owners of record as of March 15.

 

 

Dividend increase #13 of 2022 : SFL Corporation

SFL Corporation (NYSE:SFL) declares dividend of $0.20 per share. Dividend for previous quarter was $0.18, so this is a nice increase for a while from SFL Corporation.

Dividend increase #12 of 2022 : Sanoma Oyj

The Board of Sanoma Oyj (SAA1V) proposes dividend of 0.54€ from year 2021. This is a 0.02€ increase over the dividend or previous year. Dividend growth continues which is good.

Dividend increase #11 of 2022 : Huhtamaki Oyj

The Board of Directors proposes to the AGM that an aggregate dividend of EUR 0.94 per share be paid based on the balance sheet adopted for the financial period ended on December 31, 2021. The Board of Directors proposes that the dividend be paid in two instalments.

The first dividend instalment, EUR 0.47 per share, is proposed to be paid to shareholders registered in the Company’s register of shareholders maintained by Euroclear Finland Ltd on the record date for the first dividend instalment April 29, 2022. The Board of Directors proposes that the payment date for the first dividend instalment would be on May 6, 2022.

The second dividend instalment, EUR 0.47 per share, is proposed to be paid to shareholders registered in the Company’s register of shareholders maintained by Euroclear Finland Ltd on the record date for the second dividend instalment October 3, 2022. The Board of Directors proposes that the payment date for the second dividend instalment would be on October 10, 2022.

 

Dividend increase #10 of 2022 : Ares Capital Corporation

Ares Capital Corporation ("Ares Capital") (NASDAQ: ARCC) announced that its Board of Directors has declared a first quarter dividend of $0.42 per share. The first quarter dividend is payable on March 31, 2022 to stockholders of record as of March 15, 2022. 

The Board of Directors has also declared additional dividends totaling $0.12 per share for 2022, to be distributed in four consecutive quarterly payments of $0.03 per share per quarter. The first additional dividend is also payable on March 31, 2022 to stockholders of record as of March 15, 2022.

 

Dividend increase #9 of 2022 : Sampo Group Oyj

According to Sampo plc’s Dividend Policy published on 6 February 2020, the total annual dividends paid will be at least 70 per cent of Sampo Group’s net profit for the year (excluding extraordinary items). For this purpose, “extraordinary items” are defined as accounting items related to the sale of Nordea shares during 2021 and the change in Sampo Group’s ownership in Nordax Bank AB.

The parent company’s distributable capital and reserves totalled EUR 8,565,347,307.19 of which profit for the financial year 2021 was EUR 2,639,015,210.13. Based on the policies outlined above, the Board proposes to the Annual General Meeting that a total dividend of EUR 4.10 per share be paid to all shares except for the shares held by Sampo plc on the dividend record date of 20 May 2022. The total dividend includes an insurance dividend of EUR 1.70 per share as well as the dividend of at least EUR 2.00 per share that management indicated it will propose in connection with the sale of Nordea shares on 26 October 2021.

As earnings per share excluding extraordinary items amounted to EUR 2.86 per share, the payout ratio for the total dividend equates to 143 per cent. The remainder of the distributable funds are left in the equity capital. After adjusting for the proposed dividend, Sampo Group’s 2021 year-end distributable funds amounted to EUR 6,323 million, Group Solvency II coverage to 185 per cent and financial leverage to 27 per cent.

The dividend is proposed to be paid to the shareholders registered in the Register of Shareholders held by Euroclear Finland Oy as at the record date of 20 May 2022. The Board proposes that the dividends be paid on 31 May 2022.

Dividend increase #8 of 2022 : Nordea Bank

Nordea Bank board proposes dividend of 0.69€ per share from 2021. Last year Nordea paid dividends from two previous years and the amount in total was higher, but for 2020 it was only 0.39€ so this is a huge increase. Very happy about this.

Since I own 368 shares of Nordea, this change will increase my 12 month forward dividends by 110.40€

Dividend increase #7 of 2022 : CapMan Oyj to increase dividend

CapMan Oyj Board proposes dividend of 0.15€ from year 2021. Previous dividend was 0.14€, so this proposal is a 7.1% increase on dividend. Dividend is to be paid in two installments.

 

Dividend increase #6 of 2022 : Nokia reinstates dividend

Nokia Board proposes to the Annual General Meeting to be authorized to decide in its discretion on the distribution of an aggregate maximum of EUR 0.08 per share as dividend and/or as assets from the invested unrestricted equity fund.

The authorization will be used to distribute dividend and/or equity repayment in four installments during the period of validity of the authorization unless the Board of Directors decides otherwise for a justified reason.

Status update : January 2022

 Dividends received in January

- 34.14 from Telus Corporation
- 17.13 from Canadian Natural_Resources
- 54.01 from Iron Mountain
- 21.73 from AGNC Investment
- 23.31 from National_Health_Investors 
- 57.80 from Altria Group
- 14.94 from Algonquin Power_and_Utils
- 53.19 from W.P. Carey
- 11.43 from Realty Income
- 9.80 from Pembina Pipeline
- 8.08 from EPR Properties
- 16.18 from Main Street
- 24.24 from STORE Capital_Corp
- 14.29 from Prospect Capital
- 27.46 from Bank_of_Nova_Scotia 
- 12.66 from LTC Properties
- 24.26 from Orchid Island
- 37.72 from Annaly_Capital_Management 
- 34.21 from New Residential
- 44.49 from Chimera Investment
- 11.38 from Gladstone Investment_Corp

This makes a total of 552.45 in dividends received from 21 companies. Previous Year I received 342.41 in January. This is a 61.34% change in dividends

Progress update : January 2022

Quote	2019	2020	2021	2022	1y chg	2y chg	3y chg
Telus Corporation	19.35	22.14	29.85	34.14	14.37%	54.20%	76.43%
Canadian Natural_Resources	-	-	-	17.13
Iron Mountain	24.85	39.89	47.13	54.01	14.59%	35.39%	117.3%
AGNC Investment	14.06	13.07	11.50	21.73	88.95%	66.25%	54.55%
National_Health_Investors	-	13.30	26.33	23.31	-11.4%	75.26%
Altria Group	20.73	34.69	42.20	57.80	36.96%	66.61%	178.8%
Algonquin Power_and_Utils	-	-	-	14.94
W.P. Carey	30.89	41.84	42.14	53.19	26.22%	27.12%	72.19%
Realty Income	7.36	7.75	10.29	11.43	11.07%	47.48%	55.29%
Pembina Pipeline	-	-	-	9.80
EPR Properties	7.71	10.07	-	8.08	%	-19.7%
Main Street	14.69	15.80	14.60	16.18	10.82%	2.405%	10.14%
STORE Capital_Corp	-	-	8.28	24.24	192.7%
Prospect Capital	11.65	11.94	10.85	14.29	31.70%	19.68%	22.66%
Bank_of_Nova_Scotia	16.26	17.92	16.79	27.46	63.54%	53.23%	68.88%
LTC Properties	12.45	12.87	11.76	12.66	7.653%	-1.63%	1.686%
Orchid Island	-	-	15.03	24.26	61.41%
Annaly_Capital_Management	-	-	-	37.72
New Residential	65.78	69.22	25.20	34.21	35.75%	-50.5%	-47.9%
Chimera Investment	42.80	55.53	30.46	44.49	46.06%	-19.8%	3.948%
Gladstone Investment_Corp	-	-	-	11.38
Total	301.95	379.96	342.41	552.45	61.34%	45.39%	82.96%

Crestwood Equity Partners has completed Oasis Midstream acquisition

Crestwood Equity Partners LP (NYSE: CEQP) ("Crestwood") and Oasis Midstream Partners LP ("Oasis Midstream") announced today that the companies have successfully closed the transactions contemplated by the previously announced merger agreement. As a result of the combination, Crestwood has significantly enhanced its scale and competitive position in the Williston and Delaware Basins, enabling the company to capture expected operational and commercial synergies of approximately $45 million and driving enhanced financial strength and flexibility.

As previously announced, under the terms of the merger agreement, public holders of Oasis Midstream common units will receive 0.8700 Crestwood common units in exchange for each Oasis Midstream common unit. As previously announced, Crestwood unitholders as of the February 7, 2022 record date, including legacy Oasis Midstream unitholders that remain Crestwood unitholders, will receive Crestwood’s $0.625 per limited partner unit distribution, attributed to the fourth quarter 2021 and payable on February 14, 2022. Crestwood will utilize excess available free cash flow from the combined company to make the fourth quarter 2021 distribution payment.

Since I own 70 shares of Oasis Midstream Partners, I will receive 60 shares of Crestwood Equity Partners and small amount of cash. As Crestwood is paying distribution for February already, I should receive $37.5 in dividends also.

AT&T Warner Media spin-off

AT&T (NYSE:T) informed on Tuesday that it would spin-off its interested in WarnerMedia as part as its merger with Discovery (NASDAQ:DISCA), with the deal expected to close in the second-quarter.

As part of the spin-off, AT&T will get $43 billion in a combination of cash and other considerations, and AT&T shareholders will own 71% of the new company, Warner Bros. Discovery. Discovery shareholders will own the remaining 29% of the company on a fully diluted basis.

After the deal closes, each AT&T shareholder will receive 0.24 shares of the new Warner Bros. Discovery common stock for each AT&T share they own.

Warner Bros. Discovery will trade on the NASDAQ under "WBD" ticker symbol, with Discovery shareholders being converted to the WBD ticker, with one vote per share. AT&T will remain on the New York Stock Exchange under the "T" ticker.

AT& will also decrease its annual dividend to $1.11 per share from current $2.08 per share after the spin-off has been completed. Technically it is a dividend decrease but in reality, part of the dividends will be paid in future by WBD. To be seen what is the level of WBD's dividends