Dividend Details
Recent Dividend History
| Ex-Date | Amount | Pay Date |
|---|---|---|
| 2026-09-15 | $0.1667 | 2026-09-30 |
| 2026-08-14 | $0.1667 | 2026-08-31 |
| 2026-07-15 | $0.1667 | 2026-07-31 |
| 2026-06-15 | $0.1667 | 2026-06-30 |
| 2026-05-15 | $0.1667 | 2026-05-29 |
| 2026-04-15 | $0.1667 | 2026-04-30 |
| 2026-03-16 | $0.1667 | 2026-03-31 |
| 2026-02-13 | $0.1667 | 2026-02-27 |
Calculate SPMA Dividend Income
Quick Facts
- Yield: 10.01%
- Frequency: Monthly
- Sector: Unknown
About Sound Point Meridian Capital, Inc. 8.00% Series A Preferred Shares Due 2029
Sound Point Meridian Capital, Inc. 8.00% Series A Preferred Shares Due 2029 is a dividend-paying stock.
SPMA Dividend FAQ
What is SPMA's current dividend yield and payout?
SPMA currently yields 10.01% annually, paying $2.50 per share per year based on a share price of $24.97. This translates to $0.2083 per share per month.
How often does SPMA pay dividends?
SPMA distributes dividends monthly, making it attractive for investors who rely on dividends for regular cash flow. Monthly payers are particularly popular with retirees who use dividend income to cover living expenses. Each monthly payment is approximately $0.2083 per share.
When is SPMA's next ex-dividend date?
The next ex-dividend date for SPMA is 2026-09-15. To receive the upcoming dividend, you must purchase shares before the ex-dividend date. If you buy on or after the ex-date, the seller receives that payment instead. The payment will be deposited into your brokerage account on 2026-09-30.
How much does $10,000 invested in SPMA pay in dividends?
A $10,000 investment in SPMA at $24.97 per share buys approximately 400 shares. At the current 10.01% yield, this generates approximately $1001 per year, or $83 per month in dividend income before taxes.
Is SPMA's dividend sustainable?
Evaluate SPMA's free cash flow coverage and balance sheet strength from its latest quarterly earnings. A healthy dividend typically has a payout ratio below 75% and growing free cash flow.
SPMA Dividend Investing Guide
Sound Point Meridian Capital, Inc. 8.00% Series A Preferred Shares Due 2029 (SPMA) represents a compelling opportunity for dividend investors seeking high-yield income in their portfolios. As a unknown sector stock, SPMA offers exposure to sector-specific opportunities.
As a monthly dividend payer, SPMA provides more frequent income distributions compared to traditional quarterly payers. This payment schedule is particularly attractive for retirees and income-focused investors who prefer regular cash flow to cover expenses or reinvest through DRIP programs.
To maximize returns from SPMA dividends, consider strategies like dividend reinvestment (DRIP) to compound growth over time, tax-efficient account placement for qualified dividends, and portfolio diversification across sectors and payment schedules. Use our DRIP calculator to project long-term growth or our tax calculator to estimate after-tax income from your SPMA investment.