Sound Point Meridian Capital, Inc. (SPMC) to Issue Monthly Dividend of $0.20 on September 30th

Sound Point Meridian Capital, Inc. (NYSE:SPMC) declared a monthly dividend on Wednesday, May 20th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.20 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 22.5%. The ex-dividend date is Tuesday, September 15th.

Sound Point Meridian Capital Stock Down 0.5%

Shares of SPMC stock opened at $10.65 on Friday. The business has a 50 day moving average of $9.85 and a two-hundred day moving average of $12.26. Sound Point Meridian Capital has a 52 week low of $8.36 and a 52 week high of $18.60. The company has a market cap of $218.22 million, a P/E ratio of -3.02 and a beta of 1.01.

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. Sound Point Meridian Capital Inc is based in NEW YORK.