Media headlines about Source Capital (NYSE:SOR) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Source Capital earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.5500464024623 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Source Capital (SOR) opened at $39.61 on Tuesday. Source Capital has a 1-year low of $35.37 and a 1-year high of $41.33.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.96 dividend on an annualized basis and a yield of 2.42%. Source Capital’s payout ratio is currently 18.39%.
In other Source Capital news, VP Thomas H. Atteberry purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was purchased at an average cost of $40.08 per share, for a total transaction of $40,080.00. Following the acquisition, the vice president now owns 2,000 shares in the company, valued at approximately $80,160. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Thomas H. Atteberry purchased 1,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were acquired at an average price of $40.35 per share, with a total value of $60,525.00. Following the completion of the acquisition, the vice president now owns 3,500 shares in the company, valued at approximately $141,225. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 3,380 shares of company stock valued at $136,476. Company insiders own 78.47% of the company’s stock.
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Source Capital Company Profile
Source Capital, Inc (the Fund) is a diversified, closed-end management investment company. The investment objective of the Fund 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. The Fund’s investments include semiconductor devices, advertising and marketing, life science equipment, exploration and production, commercial mortgage-backed securities, insurance brokers, communications equipment, electrical power equipment, food and drug stores, corporate bonds and notes, residential mortgage-backed securities, asset-backed securities, corporate bank debt, other common stocks and electrical components.
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