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

Source Capital, Inc. (NYSE:SOR - Get Free Report) declared a monthly dividend on Thursday, April 18th, Wall Street Journal reports. Investors of record on Tuesday, July 16th will be given a dividend of 0.2083 per share by the financial services provider on Wednesday, July 31st. This represents a $2.50 annualized dividend and a dividend yield of 6.06%. The ex-dividend date of this dividend is Tuesday, July 16th.

Source Capital has increased its dividend by an average of 33.6% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Source Capital Stock Up 0.5 %

Shares of SOR stock traded up $0.20 during trading on Thursday, hitting $41.26. The company had a trading volume of 6,782 shares, compared to its average volume of 14,422. The stock's 50-day moving average is $41.57 and its two-hundred day moving average is $40.22. Source Capital has a 52 week low of $36.48 and a 52 week high of $42.92.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SOR. Raymond James Financial Services Advisors Inc. boosted its stake in Source Capital by 2.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 11,375 shares of the financial services provider's stock worth $478,000 after buying an additional 274 shares in the last quarter. Royal Bank of Canada boosted its stake in Source Capital by 19.5% in the third quarter. Royal Bank of Canada now owns 2,363 shares of the financial services provider's stock worth $83,000 after buying an additional 386 shares in the last quarter. Raymond James & Associates boosted its stake in Source Capital by 2.2% in the first quarter. Raymond James & Associates now owns 40,877 shares of the financial services provider's stock worth $1,717,000 after buying an additional 885 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Source Capital by 26.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,065 shares of the financial services provider's stock worth $196,000 after buying an additional 1,050 shares in the last quarter. Finally, Belpointe Asset Management LLC boosted its stake in Source Capital by 83.3% in the first quarter. Belpointe Asset Management LLC now owns 2,535 shares of the financial services provider's stock worth $96,000 after buying an additional 1,152 shares in the last quarter. 13.15% of the stock is currently owned by institutional investors.

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.