Source Capital, Inc. Plans Quarterly Dividend of $0.35 (SOR)
Source Capital, Inc. (NYSE:SOR) declared a quarterly dividend on Tuesday, February 14th. Stockholders of record on Friday, February 24th will be paid a dividend of 0.35 per share on Wednesday, March 15th. This represents a $1.40 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Wednesday, February 22nd.
Source Capital (NYSE:SOR) opened at 37.38 on Friday. The stock has a 50 day moving average of $36.68 and a 200 day moving average of $36.37. Source Capital has a 12 month low of $33.69 and a 12 month high of $68.79.
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In other news, Director Mark L. Lipson bought 710 shares of the stock in a transaction dated Monday, December 5th. The stock was bought at an average price of $35.54 per share, for a total transaction of $25,233.40. Following the completion of the acquisition, the director now directly owns 200 shares in the company, valued at approximately $7,108. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.07% of the company’s stock.
Source Capital Company Profile
Source Capital, Inc is a diversified, closed-end management investment company. The investment objective of the Company 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 Company invests in public equities of businesses from across the world, as well as the United States domiciled fixed-income securities, both investment and non-investment grade.
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