Source Capital (SOR) has announced a cash dividend of $0.208 per share, with an ex-dividend date set for Aug 14, 2025, and a payment date on Aug 29, 2025. This dividend matches the amount distributed on the previous date, Jul 31, 2025. The average of the last ten dividends is significantly higher at $0.844 per share, indicating a decreased payout this time. Investors should note that the announcement was made on May 29, 2025.
Recently,
has been in the news due to several significant developments. Over the past week, it has been reported that Shaker Financial Services LLC increased its holdings in Source Capital by 47.4%, acquiring an additional 8,553 shares during the first quarter. This strategic move underscores the growing investor confidence in Source Capital, reflecting positively on its market performance.
As of late, Source Capital's stock price reached $43.79 on Aug 9, 2025, marking a new point of interest for investors. Analysts have indicated that the stock's performance has been stable, with potential for growth due to recent financial strategies. The company has also maintained its regular monthly distribution rate for April and May 2025, showcasing a consistent approach to shareholder returns.
Since the last update, Source Capital underwent a corporate reorganization, ensuring that holders will retain their shares, fostering stability in its stock structure. This move is expected to enhance operational efficiencies and possibly improve financial health in the long term. The company has been focusing on strengthening its core business conditions by optimizing its balance sheets and cash flows, aligning with industry standards and expectations.
In conclusion, Source Capital's recent dividend announcement and strategic moves are pivotal for investors considering their holdings. Aug 14, 2025, marks the ex-dividend date, the final opportunity for investors to purchase shares and receive this dividend. Any acquisitions made after this date will not qualify for the current dividend payout.
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