Source Capital, Inc. (NYSE:SOR - Get Free Report) declared a monthly dividend on Tuesday, August 26th, Wall Street Journal reports. Shareholders of record on Friday, November 14th will be given 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 yield of 5.6%. The ex-dividend date of this dividend is Friday, November 14th.
Source Capital Stock Up 0.4%
SOR stock opened at $44.28 on Tuesday. Source Capital has a twelve month low of $38.66 and a twelve month high of $46.34. The stock has a 50-day simple moving average of $43.67 and a two-hundred day simple moving average of $42.49.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. NBC Securities Inc. bought a new stake in shares of Source Capital during the 1st quarter valued at about $40,000. Assetmark Inc. lifted its position in Source Capital by 258.6% in the 2nd quarter. Assetmark Inc. now owns 1,983 shares of the financial services provider's stock worth $86,000 after buying an additional 1,430 shares during the last quarter. Cornerstone Advisors LLC bought a new stake in Source Capital in the 1st quarter worth approximately $120,000. Cary Street Partners Financial LLC bought a new stake in Source Capital in the 4th quarter worth approximately $242,000. Finally, Wolverine Asset Management LLC bought a new stake in Source Capital in the 2nd quarter worth approximately $576,000. Hedge funds and other institutional investors own 13.15% of the company's stock.
About Source Capital
(
Get Free Report)
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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