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

Sound Point Meridian Capital, Inc. (NYSE:SPMC) announced a monthly dividend on Wednesday, May 20th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.20 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 22.7%. The ex-dividend date of this dividend is Tuesday, September 15th.

Sound Point Meridian Capital Price Performance

Shares of SPMC stock opened at $10.55 on Thursday. The stock’s fifty day simple moving average is $9.84 and its 200 day simple moving average is $12.30. The firm has a market cap of $216.26 million, a price-to-earnings ratio of -2.99 and a beta of 1.01. Sound Point Meridian Capital has a one year low of $8.36 and a one 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.