Source Capital, Inc. (SOR) To Go Ex-Dividend on October 15th

Source Capital, Inc. (NYSE:SOR) announced a monthly dividend on Tuesday, July 21st. Stockholders of record on Thursday, October 15th will be paid a dividend of 0.2083 per share by the financial services provider on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Thursday, October 15th.

Source Capital Trading Down 0.7%

Shares of NYSE:SOR opened at $45.61 on Thursday. Source Capital has a 1 year low of $41.98 and a 1 year high of $50.41. The firm has a fifty day moving average price of $45.59 and a 200 day moving average price of $46.52.

Hedge Funds Weigh In On Source Capital

Several large investors have recently made changes to their positions in the business. Align Financial LLC acquired a new stake in shares of Source Capital in the fourth quarter worth $7,006,000. Diversified Management Inc. acquired a new stake in shares of Source Capital in the fourth quarter valued at $5,344,000. Evolve Private Wealth LLC acquired a new stake in shares of Source Capital in the 4th quarter valued at $522,000. Shaker Financial Services LLC grew its position in shares of Source Capital by 108.9% during the 4th quarter. Shaker Financial Services LLC now owns 19,324 shares of the financial services provider’s stock worth $884,000 after buying an additional 10,073 shares during the period. Finally, DKM Wealth Management Inc. increased its holdings in Source Capital by 3.2% in the fourth quarter. DKM Wealth Management Inc. now owns 294,862 shares of the financial services provider’s stock valued at $13,493,000 after purchasing an additional 9,225 shares during the last quarter. Institutional investors and hedge funds own 13.15% of the company’s stock.

Source Capital Company Profile

Source Capital Inc is an externally managed specialty finance company that provides flexible financing solutions to U.S. middle-market companies. Structured as a closed-end investment company, it focuses on investing in both debt and equity securities of businesses seeking growth capital, refinancing, acquisitions, recapitalizations and other strategic initiatives.

The company’s investment strategy encompasses senior secured loans, unitranche facilities, second-lien financings, mezzanine debt and equity co-investments.