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

Source Capital, Inc. (NYSE:SOR) declared a monthly dividend on Tuesday, July 21st. Investors of record on Thursday, October 15th will be given a dividend of 0.2083 per share by the financial services provider on Friday, October 30th. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Thursday, October 15th.

Source Capital Trading Up 0.2%

Source Capital stock opened at $45.91 on Wednesday. The stock has a fifty day moving average price of $45.60 and a 200 day moving average price of $46.52. Source Capital has a 52 week low of $41.98 and a 52 week high of $50.41.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. WHI TRUST Co LLC acquired a new stake in shares of Source Capital in the fourth quarter worth approximately $42,000. PNC Financial Services Group Inc. boosted its holdings in shares of Source Capital by 1,900.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,000 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 950 shares during the last quarter. Manchester Capital Management LLC purchased a new stake in shares of Source Capital during the 4th quarter valued at $68,000. JPMorgan Chase & Co. increased its holdings in shares of Source Capital by 30.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,724 shares of the financial services provider’s stock worth $78,000 after buying an additional 407 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Source Capital in the fourth quarter valued at $85,000. Institutional investors and hedge funds own 13.15% of the company’s stock.

About Source Capital

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.