Sound Point Meridian Capital, Inc. (NYSE:SPMC) Announces $0.25 Monthly Dividend

Sound Point Meridian Capital, Inc. (NYSE:SPMC) announced a monthly dividend on Wednesday, November 5th. Stockholders of record on Monday, February 16th will be paid a dividend of 0.25 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 18.4%. The ex-dividend date of this dividend is Friday, February 13th.

Sound Point Meridian Capital Trading Up 0.1%

NYSE:SPMC opened at $16.27 on Thursday. Sound Point Meridian Capital has a twelve month low of $15.01 and a twelve month high of $22.30. The company has a 50-day moving average of $17.26 and a 200-day moving average of $17.87. The firm has a market cap of $333.05 million, a price-to-earnings ratio of 11.46 and a beta of 0.20.

Sound Point Meridian Capital (NYSE:SPMC) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.03). The business had revenue of $19.21 million for the quarter, compared to analysts’ expectations of $20.72 million.

Sound Point Meridian Capital Company Profile

Sound Point Meridian Capital Inc is an externally managed, non-diversified closed-end management investment company. Its investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in third-party collateralized loan obligation equity and mezzanine tranches.