SPMC: New CLO Equity CEF Raises Monthly Dividend Again, Now Yields 13%
Portfolio Pulse from
Sound Point Meridian Capital Inc. (SPMC), a new closed-end fund investing in CLO Equity, has increased its monthly dividend to $0.24 per share, yielding approximately 13% annually. The fund is rated a Buy due to strong performance, high-yield dividends, and solid institutional backing. The CLO Equity market has historically delivered over 12% annual returns, with a positive outlook for 2025 as interest rates fall and refinancing opportunities increase.
December 12, 2024 | 5:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Sound Point Meridian Capital Inc. (SPMC) has increased its monthly dividend to $0.24 per share, offering a 13% annual yield. The fund is rated a Buy due to strong performance and solid institutional backing.
The increase in monthly dividends to $0.24 per share, yielding 13% annually, is a positive indicator for investors, suggesting strong performance and financial health. The Buy rating and solid institutional backing further support a positive short-term impact on SPMC's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100