Sound Point Meridian Capital, Inc. (NYSE:SPMC) Declares $0.20 Monthly Dividend

Sound Point Meridian Capital, Inc. (NYSE:SPMC) announced 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 22.7%. The ex-dividend date is Tuesday, September 15th.

Sound Point Meridian Capital Stock Up 2.2%

Shares of NYSE:SPMC opened at $10.55 on Thursday. Sound Point Meridian Capital has a 12 month low of $8.36 and a 12 month high of $18.60. The company’s 50-day moving average price is $9.84 and its two-hundred day moving average price is $12.30. The firm has a market cap of $216.26 million, a P/E ratio of -2.99 and a beta of 1.01.

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.