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

Sound Point Meridian Capital, Inc. (NYSE:SPMC) announced a monthly dividend on Wednesday, November 5th. Investors of record on Monday, March 16th will be given a dividend of 0.25 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 18.4%. The ex-dividend date of this dividend is Monday, March 16th.

Sound Point Meridian Capital Stock Up 0.1%

SPMC opened at $16.27 on Thursday. The firm has a market cap of $333.05 million, a PE ratio of 11.46 and a beta of 0.20. The business has a fifty day simple moving average of $17.26 and a 200-day simple moving average of $17.87. Sound Point Meridian Capital has a fifty-two week low of $15.01 and a fifty-two week high of $22.30.

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

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.