Source Capital Dividend
Dividend criteria checks 3/6
Source Capital is a dividend paying company with a current yield of 5.98% that is well covered by earnings. Next payment date is on 31st May, 2024 with an ex-dividend date of 15th May, 2024.
Key information
6.0%
Dividend yield
36%
Payout ratio
| Industry average yield | 2.4% |
| Next dividend pay date | 31 May 24 |
| Ex dividend date | 15 May 24 |
| Dividend per share | n/a |
| Earnings per share | US$6.54 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
SOR: Robust CEF, Effective 60/40 Retirement Fund
Nov 27Source Capital scraps 2022 tender offer under discount management program
Jan 03SOR: The Best Performing 60/40 CEF, Now With A Discount
Dec 17Source Capital declares $0.185 dividend
Nov 15Source Capital declares $0.185 dividend
Aug 09Source Capital: 60/40 CEF That Works
May 04Source Capital declares $0.185 dividend
May 11Source Capital declares $0.083 dividend
Feb 02Source Capital declares $0.25 dividend and $0.64 special dividend
Nov 09Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: SOR's dividend payments have been volatile in the past 10 years.
Growing Dividend: SOR's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Source Capital Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (SOR) | 6.0% |
| Market Bottom 25% (US) | 1.6% |
| Market Top 25% (US) | 4.8% |
| Industry Average (Capital Markets) | 2.4% |
| Analyst forecast in 3 Years (SOR) | n/a |
Notable Dividend: SOR's dividend (5.98%) is higher than the bottom 25% of dividend payers in the US market (1.56%).
High Dividend: SOR's dividend (5.98%) is in the top 25% of dividend payers in the US market (4.82%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (36.5%), SOR's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Insufficient data to calculate SOR's cash payout ratio to determine if its dividend payments are covered by cash flows.