Source Capital, Inc. (NYSE:SOR – Get Free Report) announced a monthly dividend on Thursday, April 18th, Wall Street Journal reports. Stockholders of record on Tuesday, July 16th will be paid a dividend of 0.2083 per share by the financial services provider on Wednesday, July 31st. This represents a $2.50 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date is Tuesday, July 16th.
Source Capital has raised its dividend payment by an average of 33.6% annually over the last three years and has increased its dividend every year for the last 1 years.
Source Capital Trading Up 0.8 %
Shares of SOR opened at $41.60 on Friday. The stock has a 50-day moving average price of $41.58 and a 200-day moving average price of $40.24. Source Capital has a 12-month low of $36.48 and a 12-month high of $42.92.
Institutional Trading of Source Capital
Source Capital Company Profile
Source Capital, Inc is a close-ended balanced fund launched and managed by First Pacific Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of small to mid cap companies.
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