Sound Point Meridian Capital, Inc. (NYSE:SPMC – Get Free Report) declared a monthly dividend on Monday, August 19th, Wall Street Journal reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.22 per share on Tuesday, December 31st. This represents a $2.64 annualized dividend and a dividend yield of 13.33%. The ex-dividend date is Monday, December 16th.
Sound Point Meridian Capital Stock Down 0.8 %
Shares of NYSE:SPMC opened at $19.80 on Wednesday. Sound Point Meridian Capital has a 52 week low of $18.20 and a 52 week high of $20.42.
Analyst Upgrades and Downgrades
Separately, Oppenheimer started coverage on Sound Point Meridian Capital in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $21.00 price objective for the company.
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.
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