Main Street Capital supplemental dividend

The Board of Directors of Main Street Capital (NYSE:MAIN) declared a supplemental cash dividend of $0.30 per share payable in March 2024. 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, 2023.

Supplemental Cash Dividend Payable in March 2024
Declared	Ex-Dividend Date	Record Date	Payment Date	Amount Per Share
2/20/2024	3/19/2024	3/20/2024	3/27/2024	$0.30

 

Dividend increase #9 of 2024 : Saratoga Investment Corp.

Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that its Board of Directors has declared a quarterly dividend of $0.73 per share for the fiscal fourth quarter ended February 29, 2024, an increase of $0.01 from $0.72 per share in the prior fiscal third quarter, and the sixteenth quarterly dividend increase in a row. 

Total dividends for fiscal year 2024 are $2.85 per share, an increase of 16.8% over the prior year. This fourth quarter dividend is payable on March 28, 2024, to all stockholders of record at the close of business on March 13, 2024. 

 

Dividend increase #8 of 2024 : Aspo Oyj

The Board of Aspo Oyj (HEL:ASPO) proposes dividend of 0.24 eur per share from year 2023. And in addition board proposes that board has authority to decide on an additional return of capital maximum of 0.23 eur per share at a later date if it is beneficial to long term growth strategy.

If additional return of capital is approved, then this is a small dividend increase but if not, then it is a big dividend cut. Aspo Oyj actually has reported this same way in previous year so lets assume it will be payed. So a total of 0.47€ to be payed which is a small increase against 0.46€ that was payed last year.

 

 

Dividend increase #7 of 2024 : The Coca-Cola Company

The Board of Directors of The Coca-Cola Company approved the company’s 62nd consecutive annual dividend increase, raising the quarterly dividend approximately 5.4% from 46 cents to 48.5 cents per common share. The quarterly dividend is equivalent to an annual dividend of $1.94 per share, up from $1.84 per share in 2023. The first quarter dividend is payable April 1, 2024 to share owners of record as of March 15, 2024. 

 

Dividend increase #6 of 2024 : SFL Corporation

The Board of Directors of SFL Corporation (NYSE:SFL) has declared an increased quarterly cash dividend of $0.26 per share. The dividend will be paid on or around March 28, to shareholders of record as of March 15, and the ex-dividend date on the New York Stock Exchange will be March 14, 2024.

 

New purchase : Amgen Inc.

Added 3 shares of Amgen Inc. (NYSE:AMGN) at $292.91 per share. I now hold 20 shares of Amgen Inc.

New purchase : Fortum Oyj

Added 20 shares of Fortum Oyj (NYSE:FORTUM) at 11.265€ per share. Hadn't increased this position for a while but decided to add some as dividend increase for year 2023 was a nice surprise. I now hold 149 shares of Fortum Oyj.

 

New purchase : Aspo Oyj

Added 32 shares of Aspo Oyj at 6.08€ per share. I now hold 62 shares of Aspo Oyj.

Dividend increase #5 of 2024 : Huhtamaki Oyj

Huhtamaki Oyj (HEL:HUH1V) board proposes dividend of 1.05€ per share from year 2023. This is a 5% increase over the dividend from previous year. Going into right direction.

Dividend decrease #5 of 2024 : Sampo Group Oyj

Sampo Group Oyj (HEL:SAMPO) board proposes dividend of 1.80€ from year 2023. This consists of 1.60€ base dividend + 0.20€ extra dividend. Dividend from previous year was 2.60€ per share but that included Mandatum Oyj also which is now spinned to its own company. Technically this is now a reduction in dividend but let's see what is the dividend from Mandatum Oyj.

Status update : January 2024

Dividends received in January

- 38.67 from Telus Corporation
- 44.96 from Canadian Natural_Resources
- 58.66 from Iron Mountain
- 22.55 from AGNC Investment
- 24.02 from National_Health_Investors 
- 65.26 from Altria Group
- 64.57 from Trinity Capital
- 13.92 from Algonquin Power_and_Utils
- 45.54 from W.P. Carey
- 21.80 from Realty Income
- 9.29 from EPR Properties
- 4.96 from Whitecap Resources
- 21.06 from Main Street
- 4.42 from Vermilion Energy
- 14.90 from Prospect Capital
- 42.84 from Bank_of_Nova_Scotia 
- 13.25 from LTC Properties
- 44.43 from Annaly_Capital_Management 
- 35.21 from Rithm Capital
- 17.80 from Chimera Investment
- 22.27 from Gladstone Investment_Corp
- 11.70 from Gladstone Commercial_Corp
- 24.55 from Gladstone Capital_Corp

This makes a total of 667.02 in dividends received from 23 companies. Previous year I received 670.21 in January. This is a -0.48% change in dividends

Progress update : January 2024

Quote	2021	2022	2023	2024	1y chg	2y chg	3y chg
Telus Corporation	29.85	34.14	35.40	38.67	9.24%	13.27%	29.55%
Canadian Natural_Resources	-	17.13	39.07	44.96	15.08%	162.4%
Iron Mountain	47.13	54.01	57.58	58.66	1.88%	8.61%	24.46%
AGNC Investment	11.50	21.73	22.93	22.55	-1.66%	3.77%	96.09%
National_Health_Investors	26.33	23.31	23.92	24.02	0.42%	3.05%	-8.77%
Altria Group	42.20	57.80	63.76	65.26	2.35%	12.91%	54.64%
Trinity Capital	-	-	60.05	64.57	7.53%
Algonquin Power_and_Utils	-	14.94	22.91	13.92	-39.2%	-6.83%
W.P. Carey	42.14	53.19	56.83	45.54	-19.8%	-14.3%	8.07%
Realty Income	10.29	11.43	15.63	21.80	39.48%	90.73%	111.8%
Pembina Pipeline	-	9.80	13.53	-	-100.%
EPR Properties	-	8.08	9.36	9.29	-0.75%	14.98%
Whitecap Resources	-	-	-	4.96
Main Street	14.60	16.18	19.98	21.06	5.41%	30.16%	44.25%
STORE Capital_Corp	8.28	24.24	-	-	%
Vermilion Energy	-	-	3.58	4.42	23.46%
Prospect Capital	10.85	14.29	14.94	14.90	-0.27%	4.27%	37.33%
Bank_of_Nova_Scotia	16.79	27.46	27.73	42.84	54.49%	56.01%	155.1%
LTC Properties	11.76	12.66	13.10	13.25	1.15%	4.66%	12.67%
Orchid Island	15.03	24.26	12.32	-	-100.%	-100.%
Annaly_Capital_Management	-	37.72	59.88	44.43	-25.8%	17.79%
Rithm Capital	25.20	34.21	35.06	35.21	0.43%	2.92%	39.72%
Chimera Investment	30.46	44.49	31.71	17.80	-43.8%	-59.9%	-41.5%
Gladstone Investment_Corp	-	11.38	19.27	22.27	15.57%	95.69%
Gladstone Commercial_Corp	-	-	11.67	11.70	0.26%
Gladstone Capital_Corp	-	-	-	24.55
Total	342.41	552.45	670.21	667.02	-0.48%	20.74%	94.80%

Dividend decrease #4 of 2024 : CapMan Oyj

Board of Directors of CapMan Oyj expects the dividend distribution for 2023 to be 10 cents per share, of which 6 cents per share is proposed to be paid in the spring and 4 cents per share in the autumn following a Board resolution. Dividend from previous year was 0.17€ per share so this is another big disappointment

Dividend increase #5 of 2024 : Fortum Oyj

Based on the strong Group results in 2023, Fortum's Board of Directors is proposing to the Annual General Meeting a dividend of EUR 1.15 per share, corresponding to a 90% payout of comparable EPS. This is a very nice 26.4% increase over the dividend from previous year

Dividend increase #4 of 2024 : Nokia Oyj

Nokia board proposes dividend of 0.13€ per share from year 2023. This is a 8.3% increase over the dividend from previous year (0.12€) which is very good direction.

Recent sale : Medifast Inc.

Sold my Medifast Inc. (NYSE:MED) position away as the company decided to stop dividend payments. I have no use for such ticker in my portfolio that does not generate income. This company showed good potential to be a steady dividend grower but seems like their business model did not hold

Dividend decrease #3 of 2024 : Medifast Inc.

Medifast’s Board of Directors has elected to discontinue the company’s quarterly cash dividend, effective immediately. The Board of Directors believes that discontinuing the dividend at this time is in the best interest of the company and its stockholders, as it allows the company to redirect capital to invest in technology and growth initiatives. This is intended to improve customer acquisition and customer experience, which the company expects will generate higher long-term stockholder returns, as well as allow for stock repurchases when management and the Board deem it appropriate. The investments include a new marketing campaign designed to increase brand awareness and drive customer adoption. 

 

Dividend increase #3 of 2024 : Nordea Bank

Nordea Bank (NDAFI.HE) board proposes dividend of 0.92 eur per share from year 2023. This is a nice 15% increase over the dividend from previous year. As this is one my biggest positions, this increase is a very nice indeed.

New purchase : Fortis Inc.

Added 17 shares of Fortis Inc. (TSE:FTS) at CAD 54.03 per share. I now hold 93 shares of Fortis Inc.

New purchase : Telia Company

Added 50 shares of Telia Company (TELIA.HE) at 2.37€ per share. I now hold 680 shares of Telia Company.

 

Dividend decrease #2 of 2024 : Stora Enso Oyj

Stora Enso (STERV.HE) had a disastrous year and they are reducing dividend to 0.10€ per share from previous 0.60€ per share. This is a huge decrease but understandable due to bad results.

The Board of Directors of Stora Enso Oyj proposed that the AGM would authorise the Board of Directors to decide at its discretion on the payment of an additional dividend up to a maximum of EUR 0.20 per share.