Sound Point Meridian Capital, Inc. (SPMC) To Go Ex-Dividend on June 15th

Sound Point Meridian Capital, Inc. (NYSE:SPMC) announced a monthly dividend on Wednesday, February 11th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.20 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 20.7%. The ex-dividend date is Monday, June 15th.

Sound Point Meridian Capital Trading Up 0.8%

Shares of SPMC stock opened at $11.59 on Friday. Sound Point Meridian Capital has a 12 month low of $11.45 and a 12 month high of $22.30. The company has a market capitalization of $237.60 million, a P/E ratio of -3.28 and a beta of 0.32. The stock has a 50 day moving average of $13.79 and a two-hundred day moving average of $15.91.

Sound Point Meridian Capital (NYSE:SPMC) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.11). The firm had revenue of $17.95 million during the quarter, compared to analyst estimates of $20.45 million.

Trending Headlines about Sound Point Meridian Capital

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

• Positive Sentiment: Company declared monthly common and preferred distributions of $0.20 per share (monthly), implying a very high annualized yield (~20.8%) that can support demand from yield-focused investors. This dividend schedule (multiple record/ex-dividend dates announced) likely underpins short-term buying interest. Press Release
• Neutral Sentiment: Management held its Q3 2026 earnings call; the transcript and highlights discuss portfolio positioning and market navigation but didn’t provide a clear catalyst to reverse the revenue/earnings weakness. Investors should read the call for color on portfolio income, leverage and NAV strategy. Earnings Call Transcript Call Highlights
• Negative Sentiment: Q3 results missed expectations: EPS $0.44 vs. consensus $0.55 and revenue $17.95M vs. $20.45M consensus — a quarter-on-quarter decline from prior-year EPS. This earnings/revenue shortfall raises near-term performance concerns and pressure on NAV. Earnings Release / Marketbeat Zacks Coverage
• Negative Sentiment: B. Riley lowered its view on SPMC — downgraded from “strong-buy” to “hold/neutral” and cut the price target from $16 to $12 (now only modestly above current market price). A reputable shop cutting the PT and rating increases sell-side pressure and reduces prospective upside in the near term. Finviz / B. Riley Note Zacks report

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.