Source Capital
SORFinancial Services · Stock · monthly payer
Forward Yield
5.48%
Annual Dividend
$2.50
Payout Ratio
35%
5-Yr Growth
-3.6%
Ex-Date
Oct 15, 2026
Frequency
Monthly
Summary
As of September 2026, Source Capital (SOR) yields 5.48% ($2.50 per share annually), with a blended fair-value estimate of $93.66 — +107% upside, so it screens as undervalued. Dividend safety grade: B (74/100).
Is SOR a good dividend stock?
Yes, with caveatsSource Capital (SOR) pays a monthly dividend yielding 5.48% ($2.50/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (35%)
Risks
- Cut its dividend in 2021
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.48%
- Payout Ratio
- 35%
- Annual Dividend
- $2.50
- 5-Yr Avg Growth
- -3.6%
- Ex-Dividend Date
- Oct 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.47
- Market Cap
- $376.4M
- P/E Ratio
- 6.3
- 5-Yr Total Return
- -2%
- 52-Week Range
- $44.20 – $50.41
- Dividend Safety
- B · 74/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
SOR Price — Last 12 Months
Daily close
Price Return
1 Year
-1%
3 Years
+20%
5 Years
-2%
52-Week Range
$44.20 – $50.41
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SOR worth?
Undervaluedlow confidenceOur blended fair-value estimate for Source Capital is $93.66 per share, versus a market price of $45.32. That implies 107% of upside — a margin of safety of about 52%.
Fair Value
$93.66
Current Price
$45.32
Upside
+107%
Margin of Safety
52%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -2.3% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), -2.3% stage-1 growth, 2.5% terminal growth, $7.24 EPS, $2.50 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SOR Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full SOR dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 16, 2026 | — | $0.2080 | regular |
| Aug 13, 2026 | — | $0.2080 | regular |
| Jul 15, 2026 | — | $0.2080 | regular |
| Jun 16, 2026 | — | $0.2080 | regular |
| May 14, 2026 | — | $0.2080 | regular |
| Apr 15, 2026 | — | $0.2080 | regular |
| Mar 13, 2026 | — | $0.2080 | regular |
| Feb 13, 2026 | — | $0.2080 | regular |
| Jan 15, 2026 | — | $0.2080 | regular |
| Dec 16, 2025 | — | $0.2080 | regular |
| Nov 14, 2025 | — | $0.2080 | regular |
| Oct 16, 2025 | — | $0.2080 | regular |
| Sep 17, 2025 | — | $0.2080 | regular |
| Aug 14, 2025 | — | $0.2080 | regular |
Income Calculator
At $2.50 / yr per share
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