Sound Point Meridian Capital, LLC operates as a closed-end management investment company in the United States. It focuses on investing primarily in equity and mezzanine tranches of collateralized loan obligations, which are collateralized by portfolios consisting primarily of below-investment grade U.S. senior secured loans. The company was founded in 2022 and is based in New York, New York.
Frequently asked questions
What sector does SPMA (SPMA) operate in?
SPMA belongs to the Other sector and operates in the Asset Management industry.
What is SPMA (SPMA) current stock price?
As of the latest data, SPMA stock price is $24.70, with a previous close of $24.70.
What is SPMA (SPMA) current market capitalization?
SPMA market cap is approximately 509.53 million.
Does SPMA (SPMA) pay dividends?
Yes. SPMA pays monthly dividends with an annualized yield of 8.1% and an estimated annual payout of $2.00 per share.
When is the next ex-dividend date for SPMA (SPMA)?
The next ex-dividend date is scheduled for October 15, 2026.
What is SPMA (SPMA) beta (volatility) score?
SPMA has a beta of 1.198, meaning its volatility is roughly in line with the market.