Source Capital, Inc. (NYSE:SOR – Get Free Report) announced a monthly dividend on Tuesday, July 21st. Stockholders of record on Friday, November 13th will be paid a dividend of 0.2083 per share by the financial services provider on Monday, November 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Friday, November 13th.
Source Capital Price Performance
SOR stock opened at $45.91 on Wednesday. The stock’s 50 day simple moving average is $45.60 and its 200 day simple moving average is $46.52. Source Capital has a 12-month low of $41.98 and a 12-month high of $50.41.
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.
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