SUBSEQUENT EVENTS |
3 Months Ended |
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Mar. 31, 2024 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS In May 2024, Main Street repaid at maturity the entire $450.0 million principal amount of the issued and outstanding May 2024 Notes at par value plus the accrued unpaid interest. The repayment of the May 2024 Notes was funded through borrowings on Main Street’s Credit Facilities.
In May 2024, Main Street declared a supplemental dividend of $0.30 per share payable in June 2024. This supplemental dividend is in addition to the previously announced regular monthly dividends that Main Street declared of $0.24 per share for each of April, May and June 2024, or total regular monthly dividends of $0.72 per share for the second quarter of 2024.
In May 2024, Main Street also declared regular monthly dividends of $0.245 per share for each month of July, August and September of 2024. These regular monthly dividends equal a total of $0.735 per share for the third quarter of 2024, representing a 6.5% increase from the regular monthly dividends paid in the third quarter of 2023. Including the regular monthly and supplemental dividends declared for the second and third quarters of 2024, Main Street will have paid $41.59 per share in cumulative dividends since its October 2007 initial public offering.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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