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

Sound Point Meridian Capital, Inc. (NYSE:SPMC) declared a monthly dividend on Wednesday, May 20th. Investors of record on Friday, August 14th will be paid a dividend of 0.20 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 22.7%. The ex-dividend date is Friday, August 14th.

Sound Point Meridian Capital Trading Up 2.2%

Shares of SPMC opened at $10.55 on Thursday. The firm has a market capitalization of $216.26 million, a P/E ratio of -2.99 and a beta of 1.01. The stock’s fifty day simple moving average is $9.84 and its 200 day simple moving average is $12.30. Sound Point Meridian Capital has a twelve month low of $8.36 and a twelve month high of $18.60.

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.