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

Source Capital, Inc. (NYSE:SOR) declared a monthly dividend on Tuesday, April 21st. Shareholders of record on Thursday, August 13th will be paid a dividend of 0.2083 per share by the financial services provider on Monday, August 31st. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Thursday, August 13th.

Source Capital Stock Performance

Shares of NYSE SOR opened at $46.63 on Wednesday. Source Capital has a 52 week low of $40.09 and a 52 week high of $50.41. The business has a 50-day simple moving average of $46.77 and a two-hundred day simple moving average of $46.80.

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.