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

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

Sound Point Meridian Capital Price Performance

SPMC stock opened at $9.84 on Thursday. The company’s 50 day simple moving average is $10.39 and its 200-day simple moving average is $10.57. The firm has a market capitalization of $201.72 million, a PE ratio of -1.60 and a beta of 1.15. Sound Point Meridian Capital has a 12 month low of $8.36 and a 12 month high of $18.54.

Sound Point Meridian Capital (NYSE:SPMC) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.24 earnings per share 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, sell-side analysts anticipate that Sound Point Meridian Capital will post 1.22 earnings per share for the current year.

Key Headlines Impacting Sound Point Meridian Capital

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

• Positive Sentiment: SPMC declared monthly distributions of $0.13 per share for October, November and December, equivalent to an annualized payout of approximately $1.56 per share and a stated yield of 15.9%. The distributions are scheduled to be paid October 30, November 30 and December 31, respectively. Sound Point Meridian signals $0.13 monthly distribution and 6-month fee waiver through December 2026
• Positive Sentiment: The company also signaled a six-month management-fee waiver through December 2026, which could help support shareholder distributions and near-term returns.
• Neutral Sentiment: Management discussed navigating challenging and unusual market conditions with a cautious approach. The earnings-call materials may provide investors with additional detail on portfolio positioning, credit conditions and the outlook. Sound Point Meridian Capital Q1 2027 Earnings Call Transcript
• Negative Sentiment: SPMC reported fiscal first-quarter earnings of $0.24 per share, below the $0.30 consensus estimate and down from $0.53 a year earlier. Revenue of $12.42 million also missed the $14.18 million analyst forecast. The dual miss raises concerns about earnings momentum and helps explain the stock’s decline. Sound Point Meridian Capital Lags Q1 Earnings and Revenue Estimates

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.