Dividend Details
Recent Dividend History
| Ex-Date | Amount | Pay Date |
|---|---|---|
| 2026-09-15 | $0.2000 | 2026-09-30 |
| 2026-08-14 | $0.2000 | 2026-08-31 |
| 2026-07-15 | $0.2000 | 2026-07-31 |
| 2026-06-15 | $0.2000 | 2026-06-30 |
| 2026-05-15 | $0.2000 | 2026-05-29 |
| 2026-04-15 | $0.2000 | 2026-04-30 |
| 2026-03-16 | $0.2500 | 2026-03-31 |
| 2026-02-13 | $0.2500 | 2026-02-27 |
Calculate SPMC Dividend Income
Quick Facts
- Yield: 13.62%
- Frequency: Monthly
- Sector: Unknown
- Payout: 226%
About Sound Point Meridian Capital, Inc.
Sound Point Meridian Capital, Inc. is a dividend-paying stock.
SPMC Dividend FAQ
What is SPMC's current dividend yield and payout?
SPMC currently yields 13.62% annually, paying $3.45 per share per year based on a share price of $10.65. This translates to $0.2875 per share per month. The payout ratio is 226%, which is elevated, suggesting investors should monitor earnings coverage closely.
How often does SPMC pay dividends?
SPMC 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 $0.2875 per share.
When is SPMC's next ex-dividend date?
The next ex-dividend date for SPMC 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 SPMC pay in dividends?
A $10,000 investment in SPMC at $10.65 per share buys approximately 938 shares. At the current 13.62% yield, this generates approximately $1362 per year, or $114 per month in dividend income before taxes.
Is SPMC's dividend sustainable?
Evaluate SPMC'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.
SPMC Dividend Investing Guide
Sound Point Meridian Capital, Inc. (SPMC) represents a compelling opportunity for dividend investors seeking high-yield income in their portfolios. As a unknown sector stock, SPMC offers exposure to sector-specific opportunities.
As a monthly dividend payer, SPMC 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 SPMC 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 SPMC investment.