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

Source Capital, Inc. (NYSE:SOR) declared a monthly dividend on Tuesday, July 21st. Investors of record on Friday, November 13th will be paid a dividend of 0.2083 per share by the financial services provider on Monday, November 30th. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Friday, November 13th.

Source Capital Stock Up 0.2%

Shares of NYSE SOR opened at $45.91 on Wednesday. Source Capital has a 1-year low of $41.98 and a 1-year high of $50.41. The business’s fifty day moving average price is $45.60 and its two-hundred day moving average price is $46.52.

Institutional Trading of Source Capital

Large investors have recently modified their holdings of the company. Smith Asset Management Co. LLC increased its position in Source Capital by 0.8% in the 4th quarter. Smith Asset Management Co. LLC now owns 28,345 shares of the financial services provider’s stock valued at $1,297,000 after acquiring an additional 233 shares during the period. Cetera Investment Advisers boosted its position in Source Capital by 4.5% during the 1st quarter. Cetera Investment Advisers now owns 5,478 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 235 shares during the period. NewEdge Advisors LLC grew its stake in shares of Source Capital by 4.3% in the third quarter. NewEdge Advisors LLC now owns 7,334 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 300 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Source Capital by 30.9% in the third quarter. JPMorgan Chase & Co. now owns 1,724 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 407 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Source Capital by 15.9% during the first quarter. Assetmark Inc. now owns 3,586 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 493 shares during the period. 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.