Sound Point Meridian Capital, Inc. (NYSE:SPMC) Declares Monthly Dividend of $0.25

Sound Point Meridian Capital, Inc. (NYSE:SPMC - Get Free Report) announced a monthly dividend on Wednesday, February 5th, NASDAQ Dividends reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.25 per share on Wednesday, April 30th. This represents a $3.00 dividend on an annualized basis and a yield of 16.64%. The ex-dividend date of this dividend is Tuesday, April 15th.

Sound Point Meridian Capital Trading Up 0.1 %

SPMC traded up $0.03 during trading on Friday, hitting $18.03. 27,237 shares of the stock were exchanged, compared to its average volume of 26,935. The firm has a 50 day simple moving average of $20.24 and a 200 day simple moving average of $20.22. 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 posted its quarterly earnings data 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.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised Sound Point Meridian Capital to a "strong-buy" rating in a report on Tuesday, January 7th.

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.