Sound Point Meridian Capital, Inc. (SPMC) To Go Ex-Dividend on June 15th

Sound Point Meridian Capital, Inc. (NYSE:SPMC) announced a monthly dividend on Wednesday, February 11th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.20 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 21.3%. The ex-dividend date of this dividend is Monday, June 15th.

Sound Point Meridian Capital Price Performance

Shares of SPMC stock opened at $11.28 on Friday. The stock has a market cap of $231.26 million, a P/E ratio of -1.84 and a beta of 1.15. The company has a fifty day moving average price of $10.62 and a two-hundred day moving average price of $11.76. Sound Point Meridian Capital has a one year low of $8.36 and a one year high of $18.60.

Sound Point Meridian Capital (NYSE:SPMC) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.07). The business had revenue of $12.57 million for the quarter, compared to analysts’ expectations of $17.20 million. As a group, equities research analysts anticipate that Sound Point Meridian Capital will post 1.22 EPS for the current fiscal year.

About Sound Point Meridian Capital

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.