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

Source Capital, Inc. (NYSE:SOR) declared a monthly dividend on Sunday, October 18th. Stockholders of record on Wednesday, December 16th will be paid a dividend of $0.2083 per share by the financial services provider on Wednesday, December 30th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, December 16th.

Source Capital Stock Up 0.8%

Source Capital stock traded up $0.36 during mid-day trading on Monday, hitting $45.77. 4,445 shares of the stock were exchanged, compared to its average volume of 7,426. Source Capital has a 12 month low of $44.20 and a 12 month high of $50.41. The firm’s fifty day simple moving average is $46.01 and its two-hundred day simple moving average is $45.88.

About Source Capital

Source Capital, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol SOR. The company seeks long-term growth of capital and current income by investing in a diversified portfolio of securities.

Its portfolio may include common and preferred stocks, convertible securities, and other investments in public and private companies. Source Capital has historically focused on identifying businesses with potential for capital appreciation while also pursuing income through dividends and interest.

The fund is managed as an investment portfolio rather than operating a conventional commercial business, and its investment exposure can span companies and industries in the United States and other markets.