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

Key Points

• Source Capital, Inc. has declared a monthly dividend of $0.21 per share, with the payment date set for November 28th for investors on record by November 14th.
• The dividend yield is reported at 5.6%, indicating the company's strong performance in returning value to shareholders.
• Source Capital's stock has shown a price movement, currently trading at $44.28, with a 52-week range between $38.66 and $46.34.

Source Capital, Inc. (NYSE:SOR - Get Free Report) announced a monthly dividend on Monday, August 25th, Wall Street Journal reports. Investors of record on Friday, November 14th will be paid a dividend of 0.2083 per share by the financial services provider on Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, November 14th.

Source Capital Price Performance

Shares of SOR stock traded up $0.17 on Monday, reaching $44.28. 8,189 shares of the company's stock were exchanged, compared to its average volume of 12,447. Source Capital has a 52 week low of $38.66 and a 52 week high of $46.34. The company's fifty day simple moving average is $43.63 and its 200 day simple moving average is $42.48.

About Source Capital

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.

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