Thursday Is Your Last Chance To Buy Source Capital Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Source Capital (NYSE:SOR) has announced a monthly dividend of 20.83 cents per share, with Thursday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Friday, meaning it will likely open 20.83 cents lower to reflect the payout. The dividend will be paid on December 29, 2023.
December 12, 2023 | 2:45 pm
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Source Capital (NYSE:SOR) will pay a monthly dividend of 20.83 cents per share, with shares likely to open lower on the ex-dividend date.
The stock price of SOR is expected to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the dividend payment is factored into the stock price. This anticipated drop is typically short-term and reflects the payout rather than a change in the company's fundamentals.
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