Source Capital: Dividend Insights
Portfolio Pulse from Benzinga Insights
Source Capital (NYSE:SOR) has announced a monthly dividend of 20.83 cents per share, which will be paid out to shareholders on July 31, 2023. The stock will go ex-dividend on Monday, meaning it will likely open 20.83 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
July 12, 2023 | 2:46 pm
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Source Capital's announcement of a monthly dividend of 20.83 cents per share will likely lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which is why a short-term decrease in Source Capital's stock price is expected. However, this is a standard part of the dividend process and does not indicate any issues with the company's performance. The dividend can be seen as a positive sign of the company's ability to return capital to shareholders.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100