Sound Point Meridian Capital, Inc. (SPMC) To Go Ex-Dividend on March 16th

Sound Point Meridian Capital, Inc. (NYSE:SPMC) announced a monthly dividend on Wednesday, November 5th. Stockholders 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 dividend yield of 32.6%. The ex-dividend date is Monday, March 16th.

Sound Point Meridian Capital Trading Down 5.3%

Shares of SPMC opened at $9.21 on Friday. The company’s 50 day simple moving average is $12.34 and its 200-day simple moving average is $14.77. The firm has a market cap of $188.81 million, a PE ratio of -2.61 and a beta of 0.68. Sound Point Meridian Capital has a 12-month low of $9.10 and a 12-month high of $21.38.

Sound Point Meridian Capital (NYSE:SPMC) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.11). The company had revenue of $17.95 million for the quarter, compared to analysts’ expectations of $20.45 million.

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.