Source Capital, Inc. (NYSE:SOR – Get Free Report) announced a monthly dividend on Thursday, October 29th. Stockholders of record on Friday, January 15th will be paid a dividend of $0.23 per share by the financial services provider on Friday, January 29th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, January 15th. This is a 10.4% increase from Source Capital’s previous monthly dividend of $0.2083.
Source Capital Trading Down 0.1%
SOR opened at $45.80 on Friday. The stock has a 50-day moving average price of $45.80 and a 200-day moving average price of $46.29. Source Capital has a 12-month low of $44.20 and a 12-month high of $50.41.
About Source Capital
Source Capital, Inc (NYSE: SOR) is a publicly traded closed-end investment company. The fund’s primary objective is to provide long-term growth of capital and income by investing in a portfolio of securities selected by its investment adviser.
Source Capital invests principally in publicly traded common stocks and other equity securities, with a value-oriented approach that emphasizes companies the adviser believes are attractively priced relative to their underlying business prospects.
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