Closed-end investment company Source Capitalannounced today its third-quarter dividend of $0.75 per share, the same rate it's paid for the past two quarters.
The board of directors said the quarterly dividend is payable on Sept. 15 to the holders of record at the close of business on Aug. 23. The investment company is managed by First Pacific Advisors. The regular dividend payment equates to a $3.00-per-share annual dividend, yielding 4.6% based on the closing price today of Source Capital's stock.
The article Source Capital Keeps Dividend Steady originally appeared on Fool.com.
Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.