Source Capital, Inc. (SOR) To Go Ex-Dividend on November 13th

Source Capital, Inc. (NYSE:SOR) declared a monthly dividend on Tuesday, July 21st. Investors of record on Friday, November 13th will be given a dividend of $0.2083 per share by the financial services provider on Monday, November 30th. This represents a $2.50 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Friday, November 13th.

Source Capital Trading Down 0.9%

Shares of SOR opened at $47.12 on Wednesday. Source Capital has a one year low of $44.20 and a one year high of $50.41. The company’s fifty day moving average price is $45.80 and its 200 day moving average price is $46.25.

Hedge Funds Weigh In On Source Capital

A number of institutional investors have recently made changes to their positions in the business. Private Advisor Group LLC lifted its position in shares of Source Capital by 13.2% during the 3rd quarter. Private Advisor Group LLC now owns 9,027 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 1,050 shares during the last quarter. StoneX Group Inc. bought a new position in Source Capital in the 3rd quarter worth approximately $220,000. D.A. Davidson & CO. increased its position in Source Capital by 1.3% in the 3rd quarter. D.A. Davidson & CO. now owns 169,153 shares of the financial services provider’s stock worth $7,685,000 after buying an additional 2,233 shares during the period. DKM Wealth Management Inc. increased its position in Source Capital by 1.8% in the 3rd quarter. DKM Wealth Management Inc. now owns 318,676 shares of the financial services provider’s stock worth $14,477,000 after buying an additional 5,580 shares during the period. Finally, Diversified Management Inc. lifted its holdings in shares of Source Capital by 0.7% during the third quarter. Diversified Management Inc. now owns 122,077 shares of the financial services provider’s stock worth $5,546,000 after buying an additional 792 shares during the last quarter. 13.15% of the stock is currently owned by institutional investors.

Source Capital Company Profile

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. The portfolio may also include other types of investments as permitted by the fund’s investment policies.