Sound Point Meridian Capital, Inc. (NYSE:SPMC) Shareholders to Collect $0.13 Monthly Dividend

Sound Point Meridian Capital, Inc. (NYSE:SPMC) announced a monthly dividend on Thursday, November 12th. Shareholders of record on Friday, January 15th will be paid a dividend of $0.13 per share on Friday, January 29th. This represents a $1.56 dividend on an annualized basis and a yield of 24.9%. The ex-dividend date is Friday, January 15th.

Sound Point Meridian Capital Price Performance

Shares of NYSE SPMC opened at $6.26 on Friday. The firm has a fifty day moving average price of $7.58 and a 200-day moving average price of $9.70. Sound Point Meridian Capital has a 1 year low of $5.43 and a 1 year high of $16.67. The stock has a market cap of $128.43 million, a PE ratio of -1.08 and a beta of 1.39.

Sound Point Meridian Capital (NYSE:SPMC) last announced its quarterly earnings results on Thursday, November 12th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The company had revenue of $12.82 million during the quarter, compared to the consensus estimate of $13.17 million. On average, research analysts expect that Sound Point Meridian Capital will post 1.11 EPS for the current year.

Key Headlines Impacting Sound Point Meridian Capital

Investors following SPMC have been watching these headlines:

• Positive Sentiment: Zacks added SPMC to its Rank #1 (Strong Buy) lists for November 13, including its general, income and value selections. New Strong Buy Stocks for November 13th
• Positive Sentiment: The company outlined monthly distributions of $0.13 per share for calendar Q1 2027—$0.39 across the quarter, or $1.56 annualized. The indicated yield is 24.9% at the quoted share price; a fee waiver is set to continue through December 31, 2026. Sound Point Meridian outlines Q1 2027 distributions
• Negative Sentiment: Fiscal Q2 adjusted earnings of $0.28 per share missed the $0.29 consensus, while revenue of $12.82 million was below the $13.17 million estimate. Earnings also declined from $0.54 per share a year earlier, a sign of weaker year-over-year performance. SPMC Lags Q2 Earnings and Revenue Estimates

Sound Point Meridian Capital Company Profile

Sound Point Meridian Capital, Inc. is a publicly traded investment company focused on collateralized loan obligations (CLOs). It invests primarily in CLO equity and debt securities, which provide exposure to portfolios of corporate loans. Through these investments, the company participates in the financing of businesses whose loans are held in CLO portfolios. Its investment approach centers on selecting CLO securities rather than directly originating loans to companies. Sound Point Meridian Capital is externally managed by an affiliate of Sound Point Capital Management, a credit-focused investment manager.