Sound Point Meridian Capital, Inc. (NYSE:SPMC – Get Free Report) declared a monthly dividend on Wednesday, August 12th. Investors of record on Tuesday, December 15th will be paid a dividend of 0.13 per share on Thursday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 15.9%. The ex-dividend date is Tuesday, December 15th.

SPMC stock traded down $0.93 on Wednesday, reaching $9.84. The company’s stock had a trading volume of 130,934 shares, compared to its average volume of 33,388. The business has a fifty day simple moving average of $10.42 and a two-hundred day simple moving average of $10.60. Sound Point Meridian Capital has a 12-month low of $8.36 and a 12-month high of $18.54. The firm has a market cap of $201.69 million, a PE ratio of -1.60 and a beta of 1.15.

Sound Point Meridian Capital (NYSE:SPMC – Get Free Report) last issued its quarterly earnings data 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). As a group, research analysts anticipate that Sound Point Meridian Capital will post 1.22 earnings per share for the current fiscal year.

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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.

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