News stories about Source Capital (NYSE:SOR) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Source Capital earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.6304130623572 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
SOR stock traded down $0.20 during trading on Wednesday, hitting $40.85. 9,189 shares of the stock were exchanged, compared to its average volume of 15,029. Source Capital has a fifty-two week low of $37.02 and a fifty-two week high of $42.97.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd were issued a dividend of $0.25 per share. This is a positive change from Source Capital’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.45%.
Source Capital Company Profile
Source Capital, Inc (the Fund) is a diversified, closed-end management investment company. The investment objective of the Fund is to seek maximum total return for Common shareholders from both capital appreciation and investment income to the extent consistent with protection of invested capital. The Fund’s investments include semiconductor devices, advertising and marketing, life science equipment, exploration and production, commercial mortgage-backed securities, insurance brokers, communications equipment, electrical power equipment, food and drug stores, corporate bonds and notes, residential mortgage-backed securities, asset-backed securities, corporate bank debt, other common stocks and electrical components.
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