Sound Point Meridian Capital, Inc. (SPMC) to Issue Monthly Dividend of $0.20 on August 31st

Sound Point Meridian Capital, Inc. (NYSE:SPMC) announced a monthly dividend on Wednesday, May 20th. Investors of record on Friday, August 14th will be given 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 22.5%. The ex-dividend date is Friday, August 14th.

Sound Point Meridian Capital Price Performance

SPMC opened at $10.65 on Friday. The stock has a market cap of $218.22 million, a P/E ratio of -3.02 and a beta of 1.01. The stock’s 50 day simple moving average is $9.85 and its 200 day simple moving average is $12.26. Sound Point Meridian Capital has a 1-year low of $8.36 and a 1-year high of $18.60.

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.