DividendMay 20, 2026, 05:27 PM
Sound Point Meridian Capital Declares Common & Preferred Dividends
AI Summary
Sound Point Meridian Capital, Inc. announced the declaration of monthly distributions for its common and preferred stock for the second fiscal quarter 2027, covering July, August, and September 2026. The company will pay $0.20 per share on its common stock monthly. Additionally, it declared monthly distributions of $0.16667 per share for its 8.00% Series A Term Preferred Stock and $0.1640625 per share for its 7.875% Series B Term Preferred Stock.
Key Highlights
- Declared a monthly distribution of $0.20 per share on common stock.
- Common stock dividends are payable on July 31, August 31, and September 30, 2026.
- Declared a monthly distribution of $0.16667 per share on 8.00% Series A Term Preferred Stock.
- Series A Preferred Stock dividends are payable on July 31, August 31, and September 30, 2026.
- Declared a monthly distribution of $0.1640625 per share on 7.875% Series B Term Preferred Stock.
- Series B Preferred Stock dividends are payable on July 31, August 31, and September 30, 2026.
- Series A Preferred Stock reflects an 8.00% annual distribution rate of $25.00 liquidation preference.
- Series B Preferred Stock reflects a 7.875% annual distribution rate of $25.00 liquidation preference.
Price Impact
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