Sound Point Meridian Capital, Inc.
SPMCFinancial Services · Stock · monthly payer
Forward Yield
23.53%
Annual Dividend
$2.40
Payout Ratio
0%
5-Yr Growth
—
Ex-Date
Aug 14, 2026
Frequency
Monthly
Summary
As of July 2026, Sound Point Meridian Capital, Inc. (SPMC) yields 23.53% ($2.40 per share annually), with a blended fair-value estimate of $31.82 — +212% upside, so it screens as undervalued. Dividend safety grade: D (41/100). 1 years of dividend growth.
Is SPMC a good dividend stock?
Higher riskSound Point Meridian Capital, Inc. (SPMC) pays a monthly dividend yielding 23.53% ($2.40/yr), with 1 year of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.
Advantages
- Never cut its dividend on record
Risks
- Very high yield can signal elevated risk
- Below-average dividend safety score
Key Data
- Dividend Yield
- 23.53%
- Payout Ratio
- 0%
- Annual Dividend
- $2.40
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- 1.20
- Market Cap
- $209.5M
- P/E Ratio
- —
- 5-Yr Total Return
- —
- 52-Week Range
- $8.36 – $18.60
- Dividend Safety
- D · 41/100
- Ever Cut?
- No
Frequently Asked Questions
SPMC Price — Last 12 Months
Daily close
Price Return
1 Year
-43%
3 Years
—
5 Years
—
52-Week Range
$8.36 – $18.60
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SPMC worth?
Undervaluedlow confidenceOur blended fair-value estimate for Sound Point Meridian Capital, Inc. is $31.82 per share, versus a market price of $10.20. That implies 212% of upside — a margin of safety of about 68%.
Fair Value
$31.82
Current Price
$10.20
Upside
+212%
Margin of Safety
68%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 16.5% — below our estimate, leaving room for upside if the business executes.
Assumptions: 10.3% discount rate (CAPM), 16.5% stage-1 growth, 2.5% terminal growth, -$6.15 EPS, $2.40 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SPMC Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 15, 2026 | — | $0.2000 | regular |
| Jun 15, 2026 | — | $0.2000 | regular |
| May 15, 2026 | — | $0.2000 | regular |
| Apr 15, 2026 | — | $0.2000 | regular |
| Mar 16, 2026 | — | $0.2500 | regular |
| Feb 13, 2026 | — | $0.2500 | regular |
| Jan 15, 2026 | — | $0.2500 | regular |
| Dec 15, 2025 | — | $0.2500 | regular |
| Nov 14, 2025 | — | $0.2500 | regular |
| Oct 15, 2025 | — | $0.2500 | regular |
| Sep 15, 2025 | — | $0.2500 | regular |
| Aug 15, 2025 | — | $0.2500 | regular |
| Jul 15, 2025 | — | $0.2500 | regular |
| Jun 13, 2025 | — | $0.2500 | regular |
Income Calculator
At $2.40 / yr per share
