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. Investors of record on Tuesday, June 16th will be given a dividend of 0.2083 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Tuesday, June 16th.

Source Capital Stock Up 0.7%

SOR stock opened at $46.63 on Wednesday. The business has a 50-day simple moving average of $46.77 and a 200 day simple moving average of $46.80. Source Capital has a 52 week low of $40.09 and a 52 week high of $50.41.

Source Capital Company Profile

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.