Sound Point Meridian Capital, Inc. (SPMC) To Go Ex-Dividend on August 14th

Posted by Casey Walker on Aug 12th, 2026

Sound Point Meridian Capital, Inc. (NYSE:SPMC – Get Free Report) announced a monthly dividend on Wednesday, May 20th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.20 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 22.3%. The ex-dividend date is Friday, August 14th.

Sound Point Meridian Capital Trading Up 0.5%

NYSE:SPMC opened at $10.76 on Wednesday. The company has a market cap of $220.60 million, a P/E ratio of -1.75 and a beta of 1.15. Sound Point Meridian Capital has a twelve month low of $8.36 and a twelve month high of $18.60. The company’s 50-day moving average price is $10.42 and its 200-day moving average price is $10.60.

Sound Point Meridian Capital (NYSE:SPMC – Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.07). The company had revenue of $12.57 million for the quarter, compared to the consensus estimate of $17.20 million. On average, analysts expect that Sound Point Meridian Capital will post 1.22 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Zacks Research raised Sound Point Meridian Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Alliance Global Partners reissued a “buy” rating on shares of Sound Point Meridian Capital in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.12.

View Our Latest Research Report on Sound Point Meridian Capital

About Sound Point Meridian Capital

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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.