Sound Point Meridian Capital, Inc. (NYSE:SPMC – Get Free Report) announced a monthly dividend on Thursday, June 27th, investing.com reports. Shareholders of record on Monday, July 15th will be given a dividend of 0.30 per share on Wednesday, July 31st. This represents a $3.60 dividend on an annualized basis and a yield of 18.03%. The ex-dividend date of this dividend is Monday, July 15th.
Sound Point Meridian Capital Price Performance
NYSE:SPMC opened at $19.97 on Friday. Sound Point Meridian Capital has a fifty-two week low of $18.20 and a fifty-two week high of $20.21.
Wall Street Analyst Weigh In
Separately, Oppenheimer initiated coverage on shares of Sound Point Meridian Capital in a research report on Tuesday. 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.
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