Sound Point Meridian Capital (NYSE:SPMC - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Thursday, May 29th. Analysts expect Sound Point Meridian Capital to post earnings of $0.60 per share and revenue of $20.48 million for the quarter.
Sound Point Meridian Capital Price Performance
SPMC opened at $18.25 on Thursday. The business has a 50 day simple moving average of $19.12 and a 200-day simple moving average of $20.14. Sound Point Meridian Capital has a 12 month low of $16.26 and a 12 month high of $22.30.
Sound Point Meridian Capital Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.25 dividend. This is an increase from Sound Point Meridian Capital's previous dividend of $0.24. This represents a yield of 15.42%. The ex-dividend date of this dividend is Thursday, May 15th.
Sound Point Meridian Capital Company Profile
(
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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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