Sound Point Meridian Capital (NYSE:SPMC - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.06, Zacks reports. The business had revenue of $22.66 million for the quarter, compared to the consensus estimate of $20.48 million.
Sound Point Meridian Capital Trading Up 0.2%
Shares of NYSE:SPMC traded up $0.04 on Monday, hitting $18.34. 15,780 shares of the company were exchanged, compared to its average volume of 26,455. Sound Point Meridian Capital has a 1-year low of $16.26 and a 1-year high of $22.30. The stock's 50 day moving average price is $18.77 and its 200 day moving average price is $20.06.
Sound Point Meridian Capital Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 16.36%.
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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