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

Source Capital, Inc. (NYSE:SOR) declared a monthly dividend on Tuesday, January 20th. Shareholders of record on Thursday, May 14th will be given a dividend of 0.2083 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Thursday, May 14th.

Source Capital Price Performance

Shares of SOR traded up $0.86 during mid-day trading on Wednesday, hitting $47.88. 4,450 shares of the company’s stock were exchanged, compared to its average volume of 13,489. Source Capital has a fifty-two week low of $38.66 and a fifty-two week high of $50.41. The business’s 50 day moving average is $47.09 and its two-hundred day moving average is $45.53.

Source Capital Company Profile

Source Capital Inc is an externally managed specialty finance company that provides flexible financing solutions to U.S. middle-market companies. Structured as a closed-end investment company, it focuses on investing in both debt and equity securities of businesses seeking growth capital, refinancing, acquisitions, recapitalizations and other strategic initiatives.

The company’s investment strategy encompasses senior secured loans, unitranche facilities, second-lien financings, mezzanine debt and equity co-investments.