Sound Point Meridian Capital, Inc. (NYSE:SPMC - Get Free Report) announced a monthly dividend on Monday, June 2nd, Wall Street Journal reports. Shareholders of record on Monday, September 15th will be paid a dividend of 0.25 per share on Tuesday, September 30th. This represents a $3.00 annualized dividend and a yield of 16.39%. The ex-dividend date is Monday, September 15th.
Sound Point Meridian Capital Trading Down 0.4%
SPMC stock traded down $0.08 during mid-day trading on Thursday, hitting $18.30. 23,815 shares of the company were exchanged, compared to its average volume of 26,385. The business has a 50 day simple moving average of $18.67 and a 200-day simple moving average of $20.03. Sound Point Meridian Capital has a 1-year low of $16.26 and a 1-year high of $22.30.
Sound Point Meridian Capital (NYSE:SPMC - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.06. The company had revenue of $22.66 million for the quarter, compared to analyst estimates of $20.48 million.
About Sound Point Meridian Capital
(
Get Free Report)
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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