Source Capital, Inc. (NYSE:SOR) to Issue $0.21 — Dividend

Source Capital, Inc. (NYSE:SOR) announced a — dividend on Monday, March 24th, Wall Street Journal reports. Shareholders of record on Thursday, May 15th will be given a dividend of 0.2083 per share by the financial services provider on Friday, May 30th. This represents a yield of 6%. The ex-dividend date is Thursday, May 15th.

Source Capital Stock Up 1.2 %

Shares of NYSE SOR traded up $0.48 during midday trading on Monday, hitting $41.84. The company had a trading volume of 6,864 shares, compared to its average volume of 12,285. The business has a 50-day simple moving average of $42.29 and a two-hundred day simple moving average of $43.61. Source Capital has a twelve month low of $40.40 and a twelve month high of $47.91.

About Source Capital

Source Capital, Inc is a close-ended balanced fund launched and managed by First Pacific Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of small to mid cap companies.