Sound Point Meridian Capital, Inc. (SPMC) To Go Ex-Dividend on November 13th

Sound Point Meridian Capital, Inc. (NYSE:SPMC) declared a monthly dividend on Wednesday, August 12th. Shareholders of record on Friday, November 13th will be given a dividend of 0.13 per share on Monday, November 30th. This represents a c) annualized dividend and a yield of 15.3%. The ex-dividend date of this dividend is Friday, November 13th.

Sound Point Meridian Capital Trading Up 3.7%

Shares of NYSE SPMC opened at $10.19 on Friday. Sound Point Meridian Capital has a twelve month low of $8.36 and a twelve month high of $18.54. The stock has a 50 day moving average of $10.36 and a two-hundred day moving average of $10.54. The stock has a market cap of $208.87 million, a P/E ratio of -1.76 and a beta of 1.15.

Sound Point Meridian Capital (NYSE:SPMC) last announced its earnings results on Wednesday, August 12th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). The firm had revenue of $12.42 million for the quarter, compared to analyst estimates of $14.18 million. As a group, research analysts predict that Sound Point Meridian Capital will post 1.22 earnings per share for the current year.

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.