Sound Point Meridian Capital, Inc. Plans Monthly Dividend of $0.20 (NYSE:SPMC)

Sound Point Meridian Capital, Inc. (NYSE:SPMC) declared a monthly dividend on Wednesday, May 20th. Investors of record on Wednesday, July 15th will be given a dividend of 0.20 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 22.7%. The ex-dividend date is Wednesday, July 15th.

Sound Point Meridian Capital Stock Performance

SPMC opened at $10.55 on Thursday. The stock has a market capitalization of $216.26 million, a price-to-earnings ratio of -2.99 and a beta of 1.01. The company has a fifty day moving average of $9.84 and a 200 day moving average of $12.30. Sound Point Meridian Capital has a fifty-two week low of $8.36 and a fifty-two week high of $18.60.

About Sound Point Meridian Capital

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. Sound Point Meridian Capital Inc is based in NEW YORK.