Sound Point Meridian Capital, Inc. (NYSE:SPMC – Get Free Report) declared a monthly dividend on Wednesday, August 12th. Stockholders of record on Friday, November 13th will be paid a dividend of 0.13 per share on Monday, November 30th. This represents a c) annualized dividend and a dividend yield of 15.9%. The ex-dividend date is Friday, November 13th.
Sound Point Meridian Capital Trading Down 8.6%
Shares of NYSE SPMC traded down $0.93 during mid-day trading on Wednesday, hitting $9.84. The company had a trading volume of 130,934 shares, compared to its average volume of 33,388. The firm has a 50-day simple moving average of $10.42 and a two-hundred day simple moving average of $10.60. The company has a market capitalization of $201.69 million, a PE ratio of -1.60 and a beta of 1.15. Sound Point Meridian Capital has a one year low of $8.36 and a one year high of $18.54.
Sound Point Meridian Capital (NYSE:SPMC – Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.06). Sell-side analysts expect that Sound Point Meridian Capital will post 1.22 earnings per share for the current fiscal year.
Sound Point Meridian Capital Company Profile
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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