Source Capital, Inc. (NYSE:SOR – Get Rating) declared a monthly dividend on Thursday, August 11th, Wall Street Journal reports. Shareholders of record on Wednesday, November 16th will be paid a dividend of 0.185 per share by the financial services provider on Wednesday, November 30th. This represents a $2.22 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date is Tuesday, November 15th.

Source Capital Trading Up 1.0 %

SOR stock opened at $39.30 on Friday. Source Capital has a 1-year low of $36.13 and a 1-year high of $47.50. The business's 50 day moving average is $37.81 and its 200-day moving average is $39.60.

Insiders Place Their Bets

In other news, VP Ryan A. Leggio bought 1,000 shares of Source Capital stock in a transaction dated Thursday, June 2nd. The shares were bought at an average price of $39.55 per share, for a total transaction of $39,550.00. Following the purchase, the vice president now owns 4,000 shares of the company's stock, valued at $158,200. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Ryan A. Leggio purchased 1,000 shares of the business's stock in a transaction that occurred on Thursday, June 2nd. The stock was purchased at an average cost of $39.55 per share, with a total value of $39,550.00. Following the acquisition, the vice president now directly owns 4,000 shares of the company's stock, valued at approximately $158,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark L. Lipson bought 1,325 shares of the business's stock in a transaction dated Friday, July 1st. The stock was purchased at an average price of $37.83 per share, with a total value of $50,124.75. Following the purchase, the director now directly owns 4,046 shares of the company's stock, valued at approximately $153,060.18. The disclosure for this purchase can be found here. Corporate insiders own 76.97% of the company's stock.

Institutional Trading of Source Capital

About Source Capital

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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.

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