Source Capital, Inc. (NYSE:SOR) is expected to pay $0.35 on Dec 15, 2016. The indicated annual dividend is $2.43. Shareholders owning the stock before Nov 22, 2016 will be eligible to receive the payout. Based on Source Capital, Inc.’s current price of $35.89, the dividend is 0.98%. This dividend’s record date is Nov 25, 2016 and the announcement date is Nov 15, 2016. The stock decreased 0.36% or $0.13 on November 18, hitting $35.89. Source Capital, Inc. (NYSE:SOR) has declined 5.65% since April 19, 2016 and is downtrending. It has underperformed by 9.51% the S&P500.
Source Capital, Inc. is a diversified, closed-end management investment company. The company has a market cap of $309.52 million. 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. It currently has negative earnings. The Firm invests in public equities of businesses from across the world, as well as the United States domiciled fixed-income securities, both investment and non-investment grade.
Insitutional Activity: The institutional sentiment increased to 1.42 in 2016 Q2. Its up 0.72, from 0.7 in 2016Q1. The ratio is positive, as 15 funds sold all Source Capital, Inc. shares owned while 8 reduced positions. 5 funds bought stakes while 11 increased positions. They now own 392,744 shares or 38.60% less from 639,617 shares in 2016Q1.
Commonwealth Equity Serv holds 0% or 8,335 shares in its portfolio. The Georgia-based Invesco has invested 0% in Source Capital, Inc. (NYSE:SOR). Hl Fin Serv Limited Liability Company accumulated 0.01% or 6,505 shares. Kistler reported 2,632 shares or 0.05% of all its holdings. Moreover, Ladenburg Thalmann Fincl Ser has 0% invested in Source Capital, Inc. (NYSE:SOR) for 1,345 shares. Lpl Financial Lc accumulated 0% or 11,980 shares. Tower Rech Ltd Liability (Trc) has 0.03% invested in the company for 7,184 shares. Citigroup accumulated 2,283 shares or 0% of the stock. Morgan Stanley holds 0% of its portfolio in Source Capital, Inc. (NYSE:SOR) for 20,812 shares. Creative Planning holds 0% of its portfolio in Source Capital, Inc. (NYSE:SOR) for 3,500 shares. Commercial Bank Of America De last reported 27,173 shares in the company. M&R Capital Mngmt Inc holds 2,355 shares or 0.03% of its portfolio. Raymond James & Assocs owns 13,786 shares or 0% of their US portfolio. Cohen & Steers has invested 0% of its portfolio in Source Capital, Inc. (NYSE:SOR). Pecaut & last reported 56,496 shares in the company.
More recent Source Capital, Inc. (NYSE:SOR) news were published by: Businesswire.com which released: “Source Capital, Inc. Declares Special and Regular Quarterly Distributions on …” on February 08, 2016. Also Digitaljournal.com published the news titled: “Source Capital, Inc. Declares Quarterly Distribution on Common Stock” on November 14, 2016. Globenewswire.com‘s news article titled: “Overstock.com Announces Source Capital as Dealer-Manager for Rights Offering” with publication date: November 03, 2016 was also an interesting one.
SOR Company Profile
Source Capital, Inc., incorporated on June 24, 1968, is a diversified closed-end management investment company. The Companyâ€™s investment objective is to seek maximum total return from both capital appreciation and investment income. Source Capital, Inc.’s investment approach emphasizes primarily equity investments. The Companyâ€™s investment portfolio includes a range of securities with primary emphasis on common stock and convertible debentures.
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