Source Capital, Inc. (SOR) To Go Ex-Dividend on February 12th

Source Capital, Inc. (NYSE:SOR) announced a monthly dividend on Thursday, October 29th. Shareholders of record on Friday, February 12th will be paid a dividend of $0.23 per share by the financial services provider on Friday, February 26th. This represents a $2.76 annualized dividend and a yield of 6.0%. The ex-dividend date is Friday, February 12th.

Source Capital Stock Performance

Shares of NYSE:SOR opened at $45.88 on Friday. Source Capital has a 1 year low of $44.20 and a 1 year high of $50.41. The business has a 50 day simple moving average of $45.78 and a two-hundred day simple moving average of $46.28.

Institutional Investors Weigh In On Source Capital

A number of institutional investors and hedge funds have recently modified their holdings of SOR. Readystate Asset Management LP purchased a new position in Source Capital during the 2nd quarter valued at $565,000. D.A. Davidson & CO. grew its position in Source Capital by 1.3% in the 3rd quarter. D.A. Davidson & CO. now owns 169,153 shares of the financial services provider’s stock valued at $7,685,000 after acquiring an additional 2,233 shares during the last quarter. DKM Wealth Management Inc. grew its position in Source Capital by 1.8% in the 3rd quarter. DKM Wealth Management Inc. now owns 318,676 shares of the financial services provider’s stock valued at $14,477,000 after acquiring an additional 5,580 shares during the last quarter. Diversified Management Inc. grew its position in Source Capital by 0.7% in the 3rd quarter. Diversified Management Inc. now owns 122,077 shares of the financial services provider’s stock valued at $5,546,000 after acquiring an additional 792 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in Source Capital by 4.5% in the first quarter. Cetera Investment Advisers now owns 5,478 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 235 shares during the period. 13.15% of the stock is owned by institutional investors.

Source Capital Company Profile

Source Capital, Inc (NYSE: SOR) is a publicly traded closed-end investment company. The fund’s primary objective is to provide long-term growth of capital and income by investing in a portfolio of securities selected by its investment adviser.

Source Capital invests principally in publicly traded common stocks and other equity securities, with a value-oriented approach that emphasizes companies the adviser believes are attractively priced relative to their underlying business prospects.