Source Capital, Inc. (NYSE:SOR – Get Free Report) declared a monthly dividend on Tuesday, January 20th. Stockholders of record on Friday, March 13th will be paid a dividend of 0.2083 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Friday, March 13th.
Source Capital Trading Down 1.3%
Shares of NYSE:SOR traded down $0.62 during midday trading on Wednesday, reaching $47.17. 1,185 shares of the company’s stock traded hands, compared to its average volume of 14,492. The company has a fifty day simple moving average of $47.09 and a two-hundred day simple moving average of $45.53. Source Capital has a 1 year low of $38.66 and a 1 year high of $50.41.
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.
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