Source Capital(SOR) Declares Dividend of $0.3500.

Source Capital (SOR) had declared a cash dividend of $0.3500 on Feb 13, 2017. The shares will quote ex-dividend on Feb 22, 2017 and the record date has been fixed for Feb 24, 2017. Based on Feb 22, 2017 share price, the yield comes out to be 3.76%. The dividend payable date has been fixed on Mar 15, 2017.

Source Capital (SOR) shares turned negative on Wednesdays trading session with the shares closing down -0.06 points or -0.16% at a volume of 21,120. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $37.39. The peak price level was also seen at $37.39 while the days lowest was $37.22. Finally the shares closed at $37.31. The 52-week high of the shares is $68.79 while the 52-week low is $33.69. According to the latest information available, the market cap of the company is $323 M.

Several Insider Transactions has been reported to the SEC. On Dec 6, 2016, Mark L. Lipson (director) purchased 710 shares at $35.54 per share price.

Source Capital Inc. (the Company) is a diversified closed-end management investment company. The investment objective of the Company is to seek maximum total return for Common shareholders from both capital appreciation and investment income to the extent consistent with protection of invested capital. Its investment portfolio includes a range of securities with primary emphasis on common stock. The Company’s investment approach emphasizes primarily equity investments. Its portfolio also includes common stocks non-convertible bonds and debentures and short-term investments. The Company invests in various industries including retailing producer durable goods business services and supplies transportation healthcare energy and technology. The Company’s investment adviser is First Pacific Advisors LLC.

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