SmarterDividends
SPMC

Sound Point Meridian Capital, Inc.

SPMC

Financial Services · Asset Management · Stock · monthly payer

$5.58

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Forward Yield

23.84%

Annual Dividend

$1.33

Payout Ratio

0%

5-Yr Growth

—

Ex-Date

Nov 13, 2026

Frequency

Monthly

Key facts about SPMC's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Sound Point Meridian Capital, Inc. (SPMC) has a forward dividend yield of 23.84%, based on an annual dividend of $1.33 per share and a share price of $5.58.
  • As of Oct 27, 2026, SPMC's dividend safety grade from SmarterDividends is D (42 out of 100), which rates the dividend as unsafe.
  • SPMC has never cut its regular dividend in the payment history SmarterDividends has on record.
  • SPMC's next ex-dividend date is Nov 13, 2026, with payment on Nov 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 27, 2026, SPMC's 23.84% yield is 104% above its five-year average yield of 11.67%.
  • Sound Point Meridian Capital, Inc. (SPMC) pays its dividend monthly, 12 times a year.
  • Sound Point Meridian Capital, Inc. (SPMC) has raised its regular dividend 3 times and cut it 2 times across the 28 payments on record since 2024. Its most recent change was a 35.0% cut to $0.130 per share, going ex-dividend on Oct 15, 2026.
Cite this page

SmarterDividends, "SPMC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/SPMC

Summary

As of Oct 27, 2026, Sound Point Meridian Capital, Inc. (SPMC) yields 23.84% ($1.33 a year per share) and has a dividend safety grade of D (42/100).

Is SPMC a good dividend stock?

Mixed

Sound Point Meridian Capital, Inc. (SPMC) pays a monthly dividend yielding 23.84% ($1.33/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Never cut its dividend on record

Risks

  • Very high yield can signal elevated risk
  • Below-average dividend safety score

Key Data

Dividend Yield
23.84%
Payout Ratio
0%
Annual Dividend
$1.33
5-Yr Avg Growth
—
Ex-Dividend Date
Nov 13, 2026
Years of Growth
1
Frequency
monthly
Beta
1.20
Market Cap
$114.6M
P/E Ratio
—
5-Yr Total Return
—
52-Week Range
$5.62 – $16.75
Dividend Safety
D · 42/100
Ever Cut?
No

SPMC dividend raises and cuts

Sound Point Meridian Capital, Inc. (SPMC) has raised its regular dividend 3 times and cut it 2 times across the 28 payments on record since 2024. Its most recent change was a 35.0% cut to $0.130 per share, going ex-dividend on Oct 15, 2026.

Ex-dateChangeOld → newMove
Oct 15, 2026Cut$0.200 → $0.130−35.0%
Apr 15, 2026Cut$0.250 → $0.200−20.0%
Apr 15, 2025Raise$0.240 → $0.250+4.2%
Jan 15, 2025Raise$0.220 → $0.240+9.1%
Oct 15, 2024Raise$0.200 → $0.220+10.0%
Every SPMC payment →Download every raise and cut (CSV)
SPMC ex-dividend date & scheduleNext ex-date Nov 13, 2026 · full ex-dividend historyView →SPMC dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is SPMC a good dividend stock?

Mixed. Sound Point Meridian Capital, Inc. (SPMC) pays a monthly dividend yielding 23.84% ($1.33/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is SPMC's dividend safe?

SPMC has a dividend-safety grade of D (42/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a clean no-cut history, debt and yield-versus-history.

Is SPMC a buy, hold, or sell?

We don't issue formal ratings, but on the data SPMC screens as "mixed". Sound Point Meridian Capital, Inc. (SPMC) pays a monthly dividend yielding 23.84% ($1.33/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will SPMC cut its dividend?

SPMC earns a dividend-safety grade of D (42/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does SPMC pay a dividend?

Yes. Sound Point Meridian Capital, Inc. pays a monthly dividend of about $1.33 per share annually, a forward yield of roughly 23.84%.

What is SPMC's dividend yield?

As of Oct 27, 2026, SPMC's forward dividend yield is 23.84%, based on a $1.33 annual dividend and a $5.58 share price.

What is SPMC's dividend per share?

As of Oct 27, 2026, SPMC pays $1.33 per share per year, distributed on a monthly basis.

What is SPMC's dividend payout ratio?

As of Oct 27, 2026, SPMC's payout ratio is 0% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has SPMC grown its dividend?

As of Oct 27, 2026, SPMC has increased its dividend for 1 consecutive years.

When is the next SPMC ex-dividend date?

As of Oct 27, 2026, the next ex-dividend date on record for SPMC is Nov 13, 2026.

Income Calculator

At $1.33 / yr per share

Per payment (monthly)$11.08
Annual$133.00
Monthly avg$11.08

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