Comprehensive Update on Sound Point Dividend and Recent Developments: Key Insights Ahead of Aug 15, 2025

Generado por agente de IAAinvest Dividend Digest
lunes, 11 de agosto de 2025, 7:03 pm ET1 min de lectura
SPMC--
Sound Point Meridian Capital Inc. (SPMC) has announced a dividend payout of $0.250 per share, set for Aug 29, 2025. The ex-dividend date is Aug 15, 2025, while the announcement was made on May 29, 2025. This dividend is higher than the average of the last ten payouts, which stood at $0.237 per share. The last dividend, distributed on Jul 31, 2025, was also $0.250 per share, indicating consistency in their dividend strategy. Both dividends were cash dividends.

Recently, Sound Point Meridian Capital Inc. amended its Credit Agreement with the Canadian Imperial Bank of Commerce on Aug 6, 2025, extending the maturity date of its credit facility. Additionally, the company increased this credit facility to $150 million, with the maturity now set for Aug 4, 2028, establishing a 70% minimum requirement. Over the past week, shares of SPMCSPMC-- saw a minor uptick of $0.10, closing at $18.29. An unaudited estimate of the net asset value per share was provided as of Jul 31, 2025, ranging between $18.48 and $18.58. The company is expected to announce its quarterly earnings on Aug 12, 2025, with anticipated earnings of $0.560 per share and revenue hitting $20.72 million.

In conclusion, Sound Point Meridian Capital Inc. is showing robust financial health, with strategic adjustments in its credit facilities and steady dividend payouts. Investors should note that Aug 15, 2025, marks the ex-dividend date as the last opportunity to purchase shares and be eligible for the upcoming dividend distribution.

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