Source Capital, Inc. (NYSE:SOR) to Issue Dividend Increase – $2.66 Per Share

Source Capital, Inc. (NYSE:SOR) announced a — dividend on Monday, December 30th,Wall Street Journal reports. Shareholders of record on Monday, December 30th will be paid a dividend of 2.6584 per share by the financial services provider on Thursday, January 9th. This represents a dividend yield of 5.9%. The ex-dividend date is Monday, December 30th. This is a positive change from Source Capital’s previous — dividend of $2.59.

Source Capital Stock Performance

Shares of NYSE:SOR traded down $3.12 during mid-day trading on Monday, reaching $42.29. The stock had a trading volume of 34,305 shares, compared to its average volume of 12,489. The firm has a 50 day simple moving average of $44.77 and a two-hundred day simple moving average of $44.16. Source Capital has a twelve month low of $39.36 and a twelve month high of $47.91.

Source Capital Company Profile

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.