Source Capital, Inc. Plans Quarterly Dividend of $0.35 (SOR)
Source Capital, Inc. (NYSE:SOR) declared a quarterly dividend on Tuesday, August 15th, Wall Street Journal reports. Shareholders of record on Friday, August 25th will be paid a dividend of 0.35 per share by the financial services provider on Friday, September 15th. This represents a $1.40 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Wednesday, August 23rd.
Source Capital has decreased its dividend payment by an average of 20.5% annually over the last three years.
Shares of Source Capital (SOR) traded down 0.69% during trading on Tuesday, reaching $39.10. The company’s stock had a trading volume of 22,236 shares. Source Capital has a 1-year low of $35.10 and a 1-year high of $39.88. The company’s 50-day moving average price is $39.22 and its 200 day moving average price is $38.14.
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About Source Capital
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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