Source Capital, Inc. to Issue Monthly Dividend of $0.21 (NYSE:SOR)

Source Capital, Inc. (NYSE:SOR) announced a monthly dividend on Wednesday, October 30th,NASDAQ Dividends reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.2083 per share by the financial services provider on Monday, December 30th. This represents a $2.50 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend is Monday, December 16th.

Source Capital Stock Performance

SOR stock traded up $0.28 during midday trading on Friday, reaching $45.18. 1,659 shares of the company’s stock traded hands, compared to its average volume of 12,515. The firm’s fifty day moving average price is $44.53 and its 200-day moving average price is $44.00. Source Capital has a 52 week low of $39.36 and a 52 week high of $47.91.

Source Capital Company Profile

Source Capital, Inc is a close-ended balanced fund launched and managed by First Pacific Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of small to mid cap companies.