Source Capital, Inc. (NYSE:SOR – Get Free Report) declared 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 5.9%. The ex-dividend date is Friday, January 15th. This is a 10.4% increase from Source Capital’s previous monthly dividend of $0.2083.
Source Capital Trading Up 0.3%
Shares of SOR opened at $46.51 on Friday. Source Capital has a twelve month low of $44.20 and a twelve month high of $50.41. The business’s 50-day moving average price is $45.80 and its 200-day moving average price is $46.29.
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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