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

Sound Point Meridian Capital, Inc. (NYSE:SPMC) declared a monthly dividend on Wednesday, February 11th. Stockholders of record on Wednesday, April 15th will be given a dividend of 0.20 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 20.8%. The ex-dividend date is Wednesday, April 15th.

Sound Point Meridian Capital Trading Down 10.3%

Shares of NYSE SPMC opened at $11.54 on Thursday. The firm has a market cap of $236.54 million, a P/E ratio of 57.70 and a beta of 0.32. The business’s 50 day moving average is $13.83 and its 200-day moving average is $15.94. Sound Point Meridian Capital has a 1-year low of $11.45 and a 1-year high of $22.30.

Sound Point Meridian Capital (NYSE:SPMC) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.09).

Sound Point Meridian Capital News Summary

Here are the key news stories impacting Sound Point Meridian Capital this week:

• Positive Sentiment: Board declared monthly common distributions of $0.20 per share (monthly schedule with ex-dividend dates in Apr, May and June shown), supporting a very high headline yield that may attract income-focused investors. Press Release: Distributions & Results
• Neutral Sentiment: Earnings call highlights were published summarizing management’s view on market conditions and portfolio positioning; these details can influence sentiment but did not override the EPS miss. Earnings Call Highlights
• Negative Sentiment: Q3 fiscal results showed EPS of $0.44, below consensus (reported misses: $0.44 vs. ~ $0.53–$0.55 estimates) and down from $0.62 a year ago — a clear near-term catalyst for selling pressure. Zacks: Misses Q3 Earnings MarketBeat: Earnings Report
• Negative Sentiment: B. Riley downgraded SPMC from “strong-buy” to “hold,” removing a buy-side endorsement that can reduce demand for the stock and amplify downward pressure after the earnings miss. Analyst Downgrade Note

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