Sound Point Meridian Capital (SPMC) to Release Earnings on Thursday

Sound Point Meridian Capital (NYSE:SPMC - Get Free Report) is anticipated to release its earnings data 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

NYSE SPMC traded up $0.12 on Tuesday, reaching $18.12. The company's stock had a trading volume of 20,761 shares, compared to its average volume of 26,468. Sound Point Meridian Capital has a twelve month low of $16.26 and a twelve month high of $22.30. The firm's 50 day moving average is $18.90 and its two-hundred day moving average is $20.11.

Sound Point Meridian Capital Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from Sound Point Meridian Capital's previous dividend of $0.24. This represents a yield of 15.42%.

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.