Source Capital, Inc. (NYSE:SOR) declared a monthly dividend on Wednesday, August 11th, Wall Street Journal reports. Shareholders of record on Monday, October 18th will be paid a dividend of 0.185 per share by the financial services provider on Friday, October 29th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date is Friday, October 15th.
Source Capital has decreased its dividend payment by 22.5% over the last three years.
Shares of Source Capital stock opened at $45.24 on Wednesday. The business has a 50 day simple moving average of $45.47 and a two-hundred day simple moving average of $45.12. Source Capital has a 12 month low of $35.00 and a 12 month high of $47.50.
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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