Source Capital, Inc. (SOR) to Issue Monthly Dividend of $0.21 on March 31st

Source Capital, Inc. (NYSE:SORGet Free Report) declared a monthly dividend on Tuesday, January 20th. Shareholders of record on Friday, March 13th will be paid a dividend of 0.2083 per share by the financial services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Friday, March 13th.

Source Capital Stock Up 0.2%

Shares of NYSE SOR opened at $47.08 on Wednesday. Source Capital has a 1-year low of $38.66 and a 1-year high of $50.41. The business has a 50-day moving average of $47.89 and a 200-day moving average of $46.59.

Hedge Funds Weigh In On Source Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. DKM Wealth Management Inc. raised its stake in shares of Source Capital by 3.2% during the fourth quarter. DKM Wealth Management Inc. now owns 294,862 shares of the financial services provider’s stock valued at $13,493,000 after purchasing an additional 9,225 shares during the period. Align Financial LLC acquired a new stake in Source Capital during the 4th quarter valued at $7,006,000. Diversified Management Inc. purchased a new stake in Source Capital during the 4th quarter worth $5,344,000. Hara Capital LLC increased its stake in Source Capital by 1.7% during the 3rd quarter. Hara Capital LLC now owns 109,344 shares of the financial services provider’s stock worth $4,923,000 after buying an additional 1,807 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Source Capital by 5.4% in the 3rd quarter. First Trust Advisors LP now owns 72,869 shares of the financial services provider’s stock worth $3,281,000 after buying an additional 3,717 shares in the last quarter. Hedge funds and other institutional investors own 13.15% of the company’s stock.

About Source Capital

(Get Free Report)

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.

Further Reading

Dividend History for Source Capital (NYSE:SOR)

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