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Sound Point Meridian Capital (SPMC) Dividend Yield, Date & History

Sound Point Meridian Capital logo
$20.36 -0.02 (-0.10%)
(As of 12/20/2024 04:33 PM ET)

Sound Point Meridian Capital Dividend Summary

Dividend Yield
14.15%
Annual Dividend
$2.88
Next
Dividend Payment
Dec. 31

Sound Point Meridian Capital (SPMC) pays an annual dividend of $2.88 per share, with a dividend yield of 14.15%. The next payment of $0.22 per share is scheduled for Tuesday, December 31, to investors who owned the stock before the ex-dividend date of Monday, December 16.

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SPMC Dividend Payments by Quarter

The chart below displays up to four years of Sound Point Meridian Capital's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

SPMC Dividend Yield Over Time

The chart below tracks Sound Point Meridian Capital's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Sound Point Meridian Capital vs. The Competition

Compare Sound Point Meridian Capital's annual dividend, yield, and 3-year growth rate with averages for Finance and NYSE companies to evaluate its performance against the market.

TypeSound Point Meridian CapitalFinance CompaniesNYSE Companies
Annual Dividend$2.88$0.02$1.39
Dividend Yield14.15%5.66%3.62%
Annualized 3-Year Dividend Growth0.00%12.89%15.78%

Sound Point Meridian Capital Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on This Year's Estimate230.40%
Based on Next Year's Estimate104.73%

Sound Point Meridian Capital Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
11/12/2024monthly$0.24 - 13.5%3/14/20253/14/20253/31/2025
11/11/2024monthly$0.24 - 13.5%2/14/20252/14/20252/28/2025
11/7/2024Monthly$0.24+$0.02
9.09%
1/15/20251/15/20251/31/2025
8/15/2024Monthly$0.22 - 12/16/202412/16/202412/31/2024
8/15/2024Monthly$0.22 - 12/16/202412/16/202412/31/2024
8/16/2024monthly$0.22-$0.08
26.67%
13.6%11/15/202411/15/202411/29/2024
6/27/2024Monthly$0.30 - 18.09%9/16/20249/16/20249/30/2024

This table shows Sound Point Meridian Capital's dividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Sound Point Meridian Capital Dividend - Frequently Asked Questions

The current dividend yield for Sound Point Meridian Capital is 14.15%. Learn more on SPMC's dividend yield history.

The annual dividend for SPMC shares is $2.88. Learn more on SPMC's annual dividend history.

Sound Point Meridian Capital pays monthly dividends to shareholders.

Sound Point Meridian Capital's next monthly dividend payment of $0.24 per share will be made to shareholders on Monday, March 31, 2025.

Sound Point Meridian Capital's next monthly dividend payment of $0.24 per share will be made to shareholders on Friday, February 28, 2025.

Sound Point Meridian Capital's next monthly dividend payment of $0.24 per share will be made to shareholders on Friday, January 31, 2025.

Sound Point Meridian Capital's next monthly dividend payment of $0.24 per share will be made to shareholders on Tuesday, December 31, 2024.

Sound Point Meridian Capital's next monthly dividend payment of $0.24 per share will be made to shareholders on Tuesday, December 31, 2024.

Sound Point Meridian Capital's most recent monthly dividend payment of $0.22 per share was made to shareholders on Friday, November 29, 2024.

Sound Point Meridian Capital's next ex-dividend date is Friday, March 14, 2025.

Sound Point Meridian Capital's next ex-dividend date is Friday, February 14, 2025.

Sound Point Meridian Capital's next ex-dividend date is Wednesday, January 15, 2025.

Sound Point Meridian Capital's most recent ex-dividend date was Monday, December 16, 2024.

The most recent change in the company's dividend was an increase of $0.02 on Thursday, November 7, 2024.

The dividend payout ratio for SPMC is:
  • 230.40% based on this year's estimates
  • 104.73% based on next year's estimates

Sound Point Meridian Capital's dividend yield of 12.95% is higher than the average Finance company that issues a dividend. SPMC has a dividend yield higher than 75% of all dividend-paying stocks 5.62, making it a leading dividend payer.

Looking at the stock as a whole, market analysts rate Sound Point Meridian Capital stock as a Strong Buy, forecasting significant upside potential and strong investment returns.


This page (NYSE:SPMC) was last updated on 12/22/2024 by MarketBeat.com Staff
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