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

Source Capital, Inc. (NYSE:SOR) declared a monthly dividend on Tuesday, April 21st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.2083 per share by the financial services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Wednesday, July 15th.

Source Capital Stock Up 0.7%

Shares of NYSE:SOR opened at $46.63 on Wednesday. Source Capital has a twelve month low of $40.09 and a twelve month high of $50.41. The stock’s 50 day moving average is $46.77 and its 200-day moving average is $46.80.

Hedge Funds Weigh In On Source Capital

A number of institutional investors have recently modified their holdings of the company. Anchor Investment Management LLC raised its position in shares of Source Capital by 1.6% during the fourth quarter. Anchor Investment Management LLC now owns 31,885 shares of the financial services provider’s stock worth $1,459,000 after purchasing an additional 511 shares during the period. Invesco Ltd. raised its position in Source Capital by 10.5% in the 4th quarter. Invesco Ltd. now owns 30,487 shares of the financial services provider’s stock valued at $1,395,000 after buying an additional 2,891 shares during the last quarter. Smith Asset Management Co. LLC raised 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 buying an additional 233 shares during the last quarter. Evolve Private Wealth LLC purchased a new stake in Source Capital in the 4th quarter valued at $522,000. Finally, Align Financial LLC purchased a new stake in Source Capital in the 4th quarter valued at $7,006,000. 13.15% of the stock is owned by institutional investors and hedge funds.

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.