Source Capital, Inc. (SOR) To Go Ex-Dividend on January 15th

Source Capital, Inc. (NYSE:SOR) announced a monthly dividend on Thursday, October 29th. Investors 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 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, January 15th. This is a 10.4% increase from Source Capital’s previous monthly dividend of $0.2083.

Source Capital Price Performance

Shares of SOR opened at $45.88 on Friday. The business’s 50 day moving average is $45.78 and its 200 day moving average is $46.28. Source Capital has a 12-month low of $44.20 and a 12-month high of $50.41.

Institutional Investors Weigh In On Source Capital

Several institutional investors and hedge funds have recently modified their holdings of the stock. D.A. Davidson & CO. boosted its position in shares of Source Capital by 1.3% during the third quarter. D.A. Davidson & CO. now owns 169,153 shares of the financial services provider’s stock worth $7,685,000 after acquiring an additional 2,233 shares during the last quarter. DKM Wealth Management Inc. grew its stake in Source Capital by 1.8% during the third quarter. DKM Wealth Management Inc. now owns 318,676 shares of the financial services provider’s stock valued at $14,477,000 after acquiring an additional 5,580 shares in the last quarter. Diversified Management Inc. increased its holdings in Source Capital by 0.7% in the 3rd quarter. Diversified Management Inc. now owns 122,077 shares of the financial services provider’s stock valued at $5,546,000 after acquiring an additional 792 shares during the last quarter. Readystate Asset Management LP bought a new stake in Source Capital in the 2nd quarter valued at $565,000. Finally, Cetera Investment Advisers increased its holdings in Source Capital by 4.5% in the 1st quarter. Cetera Investment Advisers now owns 5,478 shares of the financial services provider’s stock valued at $254,000 after acquiring an additional 235 shares during the last quarter. Institutional investors own 13.15% of the company’s stock.

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.