Sound Point Meridian Capital, Inc. (NYSE:SPMC - Get Free Report) announced a dividend on Tuesday, May 13th, investing.com reports. Investors of record on Friday, May 16th will be paid a dividend of 0.25 per share on Friday, May 30th. This represents a yield of 15.42%. The ex-dividend date is Thursday, May 15th. This is a 4.2% increase from Sound Point Meridian Capital's previous dividend of $0.24.
Sound Point Meridian Capital Stock Performance
NYSE:SPMC traded down $0.25 during trading hours on Friday, reaching $18.55. 24,537 shares of the company were exchanged, compared to its average volume of 26,488. Sound Point Meridian Capital has a 52-week low of $16.26 and a 52-week high of $22.30. The stock has a 50 day simple moving average of $19.28 and a 200 day simple moving average of $20.15.
Sound Point Meridian Capital (NYSE:SPMC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.11.
About Sound Point Meridian Capital
(
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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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