Sound Point Meridian Capital, Inc. (NYSE:SPMC – Get Free Report) declared a monthly dividend on Friday, August 16th, Wall Street Journal reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.22 per share on Friday, November 29th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 13.20%. The ex-dividend date is Friday, November 15th.
Sound Point Meridian Capital Price Performance
NYSE:SPMC traded up $0.17 during mid-day trading on Friday, reaching $20.00. The company’s stock had a trading volume of 4,875 shares, compared to its average volume of 15,488. Sound Point Meridian Capital has a 12-month low of $18.20 and a 12-month high of $20.42.
Wall Street Analysts Forecast Growth
Separately, Oppenheimer started coverage on shares of Sound Point Meridian Capital in a report on Tuesday, July 9th. They set an “outperform” rating and a $21.00 price objective for the company.
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.
Read More
- Five stocks we like better than Sound Point Meridian Capital
- What is the Nikkei 225 index?
- JD.com Earnings Surprise: China’s Outlook Better Than Expected
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Warren Buffett’s Recent Stock Moves: Top Buys and Sells to Watch
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Sea Limited’s E-Commerce and Fintech Strength Fuel Stock Surge
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.