Source Capital, Inc. (NYSE:SOR – Get Free Report) announced a monthly dividend on Tuesday, July 21st. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.2083 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Wednesday, September 16th.
Source Capital Price Performance
Shares of NYSE:SOR opened at $45.61 on Thursday. The business has a 50-day simple moving average of $45.59 and a two-hundred day simple moving average of $46.52. Source Capital has a fifty-two week low of $41.98 and a fifty-two week high of $50.41.
About Source Capital
Source Capital Inc is an externally managed specialty finance company that provides flexible financing solutions to U.S. middle-market companies. Structured as a closed-end investment company, it focuses on investing in both debt and equity securities of businesses seeking growth capital, refinancing, acquisitions, recapitalizations and other strategic initiatives.
The company’s investment strategy encompasses senior secured loans, unitranche facilities, second-lien financings, mezzanine debt and equity co-investments.
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