Sound Point Meridian Capital, Inc. (NYSE:SPMC – Get Free Report) announced a monthly dividend on Wednesday, May 20th. Investors of record on Tuesday, September 15th will be given a dividend of 0.20 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 24.9%. The ex-dividend date of this dividend is Tuesday, September 15th.
Sound Point Meridian Capital Trading Down 0.2%
NYSE:SPMC opened at $9.62 on Friday. The firm has a market capitalization of $197.31 million, a PE ratio of -1.67 and a beta of 1.14. Sound Point Meridian Capital has a 1 year low of $8.36 and a 1 year high of $18.54. The firm’s fifty day simple moving average is $9.96 and its 200 day simple moving average is $10.10.
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 for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). The business had revenue of $12.42 million for the quarter, compared to analysts’ expectations of $14.18 million. As a group, analysts anticipate that Sound Point Meridian Capital will post 1.04 EPS for the current fiscal year.
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.
Further Reading
- Five stocks we like better than Sound Point Meridian Capital
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for Sound Point Meridian Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sound Point Meridian Capital and related companies with MarketBeat.com's FREE daily email newsletter.
