Source Capital, Inc. (SOR) To Go Ex-Dividend on July 15th

Source Capital, Inc. (NYSE:SOR) announced a monthly dividend on Tuesday, April 21st. Stockholders of record on Wednesday, July 15th will be given 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 of this dividend is Wednesday, July 15th.

Source Capital Trading Down 0.1%

NYSE:SOR opened at $46.60 on Thursday. The stock has a fifty day moving average price of $46.73 and a 200-day moving average price of $46.80. Source Capital has a fifty-two week low of $40.09 and a fifty-two week high of $50.41.

Institutional Trading of Source Capital

A number of institutional investors have recently modified their holdings of SOR. First Trust Advisors LP lifted its position in shares of Source Capital by 2.0% during the 2nd quarter. First Trust Advisors LP now owns 69,152 shares of the financial services provider’s stock valued at $2,999,000 after acquiring an additional 1,353 shares during the period. Raymond James Financial Inc. lifted its position in shares of Source Capital by 4.9% during the 2nd quarter. Raymond James Financial Inc. now owns 46,000 shares of the financial services provider’s stock worth $1,995,000 after buying an additional 2,165 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Source Capital by 120.1% during the 2nd quarter. Osaic Holdings Inc. now owns 11,811 shares of the financial services provider’s stock worth $512,000 after buying an additional 6,445 shares during the last quarter. Sound Income Strategies LLC bought a new stake in shares of Source Capital during the 3rd quarter worth $60,000. Finally, Hara Capital LLC lifted its position in shares of Source Capital by 1.7% during the 3rd quarter. Hara Capital LLC now owns 109,344 shares of the financial services provider’s stock worth $4,923,000 after buying an additional 1,807 shares during the last quarter. 13.15% of the stock is currently 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.