Sound Point Meridian Capital, Inc. (NYSE:SPMC) Stock to Pay Monthly Dividend of $0.13

Sound Point Meridian Capital, Inc. (NYSE:SPMC) declared a monthly dividend on Thursday, November 12th. Stockholders of record on Monday, March 15th will be paid a dividend of $0.13 per share on Wednesday, March 31st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 24.9%. The ex-dividend date is Monday, March 15th.

Sound Point Meridian Capital Trading Up 6.2%

SPMC opened at $6.26 on Friday. Sound Point Meridian Capital has a 1-year low of $5.43 and a 1-year high of $16.67. The stock has a market capitalization of $128.43 million, a price-to-earnings ratio of -1.08 and a beta of 1.39. The business has a 50 day moving average of $7.58 and a 200-day moving average of $9.70.

Sound Point Meridian Capital (NYSE:SPMC) last announced its quarterly earnings data on Thursday, November 12th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm had revenue of $12.82 million for the quarter, compared to analyst estimates of $13.17 million. Equities analysts predict that Sound Point Meridian Capital will post 1.11 EPS for the current year.

Trending Headlines about Sound Point Meridian Capital

These are some of the SPMC headlines that stood out recently:

• Positive Sentiment: Zacks added SPMC to its Rank #1 (Strong Buy) lists for November 13, including its general, income and value selections. New Strong Buy Stocks for November 13th
• Positive Sentiment: The company outlined monthly distributions of $0.13 per share for calendar Q1 2027—$0.39 across the quarter, or $1.56 annualized. The indicated yield is 24.9% at the quoted share price; a fee waiver is set to continue through December 31, 2026. Sound Point Meridian outlines Q1 2027 distributions
• Negative Sentiment: Fiscal Q2 adjusted earnings of $0.28 per share missed the $0.29 consensus, while revenue of $12.82 million was below the $13.17 million estimate. Earnings also declined from $0.54 per share a year earlier, a sign of weaker year-over-year performance. SPMC Lags Q2 Earnings and Revenue Estimates

About Sound Point Meridian Capital

Sound Point Meridian Capital, Inc. is a publicly traded investment company focused on collateralized loan obligations (CLOs). It invests primarily in CLO equity and debt securities, which provide exposure to portfolios of corporate loans. Through these investments, the company participates in the financing of businesses whose loans are held in CLO portfolios. Its investment approach centers on selecting CLO securities rather than directly originating loans to companies. Sound Point Meridian Capital is externally managed by an affiliate of Sound Point Capital Management, a credit-focused investment manager.