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

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

Source Capital Price Performance

Shares of Source Capital stock opened at $46.63 on Wednesday. The firm has a 50 day simple moving average of $46.77 and a 200 day simple moving average of $46.80. Source Capital has a fifty-two week low of $40.09 and a fifty-two week 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.