Source Capital, Inc. (SOR) To Go Ex-Dividend on May 14th

Source Capital, Inc. (NYSE:SOR) declared a monthly dividend on Tuesday, January 20th. Stockholders of record on Thursday, May 14th will be given a dividend of 0.2083 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Thursday, May 14th.

Source Capital Trading Up 0.7%

Shares of NYSE SOR opened at $47.36 on Thursday. Source Capital has a fifty-two week low of $38.66 and a fifty-two week high of $50.41. The stock has a fifty day moving average of $47.12 and a 200-day moving average of $45.54.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Sound Income Strategies LLC bought a new position in Source Capital in the 3rd quarter worth about $60,000. JPMorgan Chase & Co. raised its holdings in shares of Source Capital by 30.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,724 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 407 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Source Capital by 258.6% during the second quarter. Assetmark Inc. now owns 1,983 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,430 shares in the last quarter. Cary Street Partners Financial LLC bought a new position in shares of Source Capital in the third quarter worth approximately $218,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in Source Capital in the third quarter valued at approximately $221,000. 13.15% of the stock is owned by institutional investors.

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.