Sound Point Meridian Capital, Inc. (SPMC) to Issue Monthly Dividend of $0.20 on July 31st

Sound Point Meridian Capital, Inc. (NYSE:SPMC) declared a monthly dividend on Wednesday, May 20th. Investors of record on Wednesday, July 15th will be paid a dividend of 0.20 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 22.5%. The ex-dividend date is Wednesday, July 15th.

Sound Point Meridian Capital Trading Down 0.5%

Shares of NYSE:SPMC opened at $10.65 on Friday. The stock has a 50 day moving average of $9.85 and a 200 day moving average of $12.26. The company has a market cap of $218.22 million, a PE ratio of -3.02 and a beta of 1.01. Sound Point Meridian Capital has a 12-month low of $8.36 and a 12-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.