Sound Point Meridian Capital, Inc. (NYSE:SPMC - Get Free Report) announced a dividend on Friday, July 4th, investing.com reports. Investors of record on Wednesday, July 16th will be given a dividend of 0.25 per share on Thursday, July 31st. This represents a dividend yield of 16.81%. The ex-dividend date is Tuesday, July 15th.
Sound Point Meridian Capital Trading Up 0.2%
SPMC stock opened at $17.85 on Friday. The business has a 50-day simple moving average of $18.28 and a two-hundred day simple moving average of $19.61. Sound Point Meridian Capital has a 52-week low of $16.26 and a 52-week high of $22.30.
Sound Point Meridian Capital (NYSE:SPMC - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.06. The company had revenue of $22.66 million during the quarter, compared to the consensus estimate 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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