Sound Point Meridian Capital Inc · SPMC · NYSE
Dividend report · updated Nov 13, 2026
$5.97 -4.48% on the day, -$0.28
SPMC stock page: price, charts & signals →
UnlockDividend Safety Rating: paid plans onlyDividend Safety Rating: paid plans only Is SPMC’s dividend Very Safe or High Risk? 5 checks scored. Payout ratio, raise streak, recession record and 2 more. Show the rating
Yearly payout / yield
$1.56·26.13%
$0.13 monthly x 12 ⓘ
Next payment
$0.13/mo
pays Nov 30 ⓘ
Next ex-date
Nov 13
ex today ⓘ
Years without a cut
0 yrs
cut this year (-48.0%) ⓘ
Paying since
2024
30 payments on file
Yield vs history ⓘ
75
Above its usual yield
SPMC share price & total return
Daily closing price, adjusted for stock splits.
SPMC stock page »All dividend lists »Build a portfolio around SPMC »
DSRSimilar stocksHistoryPayoutsFAQ
Last 20 payments
SPMC Dividend Growth (CAGR) ⓘ
1Y -48.0%
Per-share amount, by the date it paid (~ = about, from its usual pay gap). Light bar = declared, not yet paid. The enlarge button shows all 30 payments since 2024.
Annual dividends and growth
Total paid per share in each calendar year. 2026: the solid bar is paid so far; the dashed box on top is declared and not yet paid. More may follow, the amounts vary too much to estimate.

How Many SPMC Shares for $500 or $1,000 a Month?

At $1.56 a share a year, $500 a month takes about 3,847 SPMC shares, about $22,967 at the Nov 13, 2026 close of $5.97. $1,000 a month takes about 7,693 shares, about $45,927. Before taxes, and only while the rate holds.

Sound Point Meridian Capital (SPMC) pays $0.13 a share monthly, $1.56 a year, a 26.13% run-rate yield at the Nov 13, 2026 close of $5.97. It has made 30 dividend payments since 2024.

At today’s rate of $0.13 monthly and the last close of $5.97, this is what SPMC pays before taxes, if the rate stays where it is:

You holdEach paymentPer month (avg)Per year
1 share$0.13$0.13$1.56
100 shares$13.00$13.00$156.00
$10,000 invested (1,675.0 shares)$217.76$217.76$2,613.07
3,847 shares ($500/mo)$500.11$500.11$6,001.32
7,693 shares ($1,000/mo)$1,000.09$1,000.09$12,001.08

With DRIP on, every payment buys more shares instead of landing as cash. 100 SPMC shares reinvest into 2.18 new shares each payment, about 29.5 new shares a year at today’s price and rate, and each new share collects the next payment too. To DRIP one whole new share every payment you need about 46 shares. Raises speed that up; a falling share price buys more shares per payment, but each is worth less. See the snowball over 10 to 30 years with SPMC’s own history in the SPMC DRIP calculator.

UnlockDividend Safety Rating: paid plans only
Dividend Safety Rating Not financial advice
See SPMC’s rating and its 5 factors.
See the rating & factors »
An algorithmic rating built from reported data, not a recommendation.
  • Coverage (EPS): are profits enough to pay the dividend rating
  • Coverage (FCF): is spare cash enough to pay the dividend rating
  • Dividend vs cash flow + debt: is the dividend paid with borrowed money report
  • Debt load: how much the balance sheet leans on borrowing rating
  • Debt interest coverage: can profits easily pay the interest bill rating
  • Liquidity: is there cash for debts due this year rating
  • Earnings direction: are sales and profits growing or shrinking report
  • Raise streak: how many years in a row it raised see details
  • Years without a cut: how long since the last dividend cut see details
  • Raise vs trend: are recent raises keeping their usual pace history
  • Yield vs history: is today’s yield high or low versus its past rating
  • Recession record: what the dividend did in past crashes history

SPMC Dividend Yield Today vs Its 5-Year Range

75/100Above its usual yieldvs its 2-yr history
  • SPMC yields 26.13% today, at the Nov 13, 2026 close of $5.97.
  • Its own 2-year median is 17.67%, so today’s yield is above its usual level.
  • No steady norm: under 3 years of regular payments on file. So this reads today’s yield against its own 2-year history as it is.
Since Jul 2024: lowest to highest month-end yield
11.99% low33.52% high
Blue mark = today, grey = its 2-year median. A higher yield than usual means a lower price against the payout.

Where today ranks in its own history is in the paid report

How it works. Each month-end over the last 2 years gives one yield: the regular payment then, times payments a year, over that day’s close. Specials are left out. 50 means today’s yield sits right at its usual level. A lower score means the yield is below its usual level, so the price is high against the payout. A higher score means the yield is above its usual level. On price alone a payer stays between 15 and 85. Steady raisers get a few points back. It reads the past, not the future.

When Is SPMC’s Next Dividend? November 2026 Ex-Date and Pay Date

SPMC’s next dividend is $0.13 a share, declared, with the ex-date on Nov 13, 2026. Own SPMC by the close on Nov 12, 2026 to collect it; shares bought on the ex-date or later do not get it. It pays on Nov 30, 2026. The latest one, $0.13 a share, went ex on Oct 15, 2026 and paid around October 2026.

  • Ex-dates: about every 30 days (monthly)
  • Payment: usually about 16 days after the ex-date

Every payer going ex-dividend this week is on the dividend calendar.

How Often Does SPMC Pay?

SPMC pays monthly, 12 times a year. The ex-date comes about every 30 days, and the cash usually lands about 16 days later.

Paid in the last 12 months
$2.58 a share, in 12 payments.
-11.3% against the 12 months before ($2.91 in 12 payments).
Cash that landed, by pay date. The yield up top uses today’s rate instead, so a raise or a cut shows there first.
Payout months
JanFebMarAprMayJunJulAugSepOctNovDec
Pays every month.
Raise history
  • Streak: 0 years of higher annual totals (through 2025)
  • Last change: cut Oct 15, 2026 - $0.20 to $0.13 (-35.00%)
  • Last raise: Apr 15, 2025 - $0.24 to $0.25 (+$0.01, +4.17%)
  • Usual $ step: $0.02 (median of the raises before it)
Coverage
  • EPS payout: n/a (EPS negative) - $3.00 paid / -$8.44 EPS (4 quarters to Mar 31, 2026)
  • FCF payout: n/a

SPMC vs Similar Dividend Stocks (CWBK, PPLL...)

Against the 10 dividend-paying Financial Services companies closest to SPMC in market value, SPMC’s 26.13% run-rate yield is above the group’s middle yield of 2.78%, and its raise streak of 0 years is the 4th longest. A higher yield than the group is not a bonus by itself: it is often the market pricing in a cut, so read it next to the rating and the coverage behind it.

Ticker Dividend ⓘ Yield Safety Rating No cut ⓘ
SPMC $5.97Sound Point Meridian Capital $0.13/mo$1.56/yr fwd 26.13% Dividend Safety Rating: paid plans only 0 yrsno raise streak
CWBK $40.99CW Bancorp $0.23/qtr$0.92/yr fwd 2.24% Dividend Safety Rating: paid plans only 8+ yrsno raise streak
PPLL $66.80Peoples $0.36/qtr$1.44/yr fwd 2.16% Dividend Safety Rating: paid plans only 0 yrsno raise streak
HARL $33.30Harleysville Financial $0.35/qtr$1.40/yr fwd 4.20% Dividend Safety Rating: paid plans only 30 yrsraised 9 yrs in a row
EARN $3.26Ellington Credit $0.08/mo$0.96/yr fwd 29.45% Dividend Safety Rating: paid plans only 3 yrsno raise streak
RVSB $6.65Riverview Bancorp $0.02/qtr$0.08/yr fwd 1.20% Dividend Safety Rating: paid plans only 1 yrno raise streak
PROV $18.27Provident Financial Holdings $0.14/qtr$0.56/yr fwd 3.07% Dividend Safety Rating: paid plans only 16 yrsno raise streak
SRBK $18.83SR Bancorp, Inc. Common stock $0.06/qtr$0.24/yr fwd 1.27% Dividend Safety Rating: paid plans only —no raise streak
UBOH $41.80United Bancshares $0.26/qtr$1.04/yr fwd 2.49% Dividend Safety Rating: paid plans only 12+ yrsraised 1 yr in a row
UNB $22.84Union Bankshares $0.36/qtr$1.44/yr fwd 6.30% Dividend Safety Rating: paid plans only 13 yrsno raise streak
BKSC $20.60Bank of South Carolina $0.25/qtr$1.00/yr fwd 4.85% Dividend Safety Rating: paid plans only 16 yrsraised 2 yrs in a row

Yield and the safety rating are only half of it. See total returns with dividends reinvested, side by side: SPMC vs CWBK, SPMC vs PPLL, SPMC vs HARL.

SPMC Dividend History: Every Payment Since 2024

Ex-datePay dateAmountFrequencyType
Dec 15, 2026Dec 31, 2026$0.13MonthlyDeclared
Nov 13, 2026Nov 30, 2026$0.13MonthlyDeclared
Oct 15, 2026Oct 19, 2026$0.13MonthlyRegular
Sep 15, 2026Sep 17, 2026$0.20MonthlyRegular
Aug 14, 2026Aug 17, 2026$0.20MonthlyRegular
Jul 15, 2026Jul 17, 2026$0.20MonthlyRegular
Jun 15, 2026Jun 17, 2026$0.20MonthlyRegular
May 15, 2026May 18, 2026$0.20MonthlyRegular
Apr 15, 2026Apr 17, 2026$0.20MonthlyRegular
Mar 16, 2026Mar 18, 2026$0.25MonthlyRegular
The other 20 SPMC payments come with a paid plan.
Show all 30 payments »
Newest first. Amounts are per share as paid, restated for splits; frequency is the schedule on file for that payment; a payment over 2.5x its neighbours is marked special.
From reported payments, prices and filings — data, not investment advice.

What the Dividend Safety Rating Means for SPMC

UnlockDividend Safety Rating: paid plans only
See where SPMC lands, and why.
See the rating & factors »
Own SPMC? Your payouts fill in by themselves Add SPMC once, with your buy date and share count. Every dividend since fills in, dated and in dollars, and with DRIP on each new share is counted for you.
Track SPMC →

SPMC Dividend Questions

How often does SPMC pay dividends?

SPMC pays monthly, 12 times a year. The ex-date comes about every 30 days, and the cash usually lands about 16 days later.

Does SPMC pay dividends monthly?

Yes. SPMC pays monthly, 12 times a year.

When is the next SPMC dividend?

SPMC’s next dividend is $0.13 a share, declared, with the ex-date on Nov 13, 2026. Own SPMC by the close on Nov 12, 2026 to collect it; shares bought on the ex-date or later do not get it. It pays on Nov 30, 2026. The latest one, $0.13 a share, went ex on Oct 15, 2026 and paid around October 2026. The current rate is $0.13 per share, $1.56 a year.

Does SPMC pay a dividend in November 2026?

Yes. SPMC declared $0.13 a share with the ex-date on Nov 13, 2026, paying on Nov 30, 2026. Own SPMC by the close on Nov 12, 2026 to collect it; shares bought on the ex-date or later do not get it.

How much does SPMC pay per share?

SPMC pays $0.13 a share monthly, $1.56 a year. At the Nov 13, 2026 close of $5.97 that is a 26.13% run-rate yield, above its usual level: its own 2-year median is 17.67%.

Has SPMC raised its dividend?

SPMC has no current streak of yearly raises. The latest raise, on Apr 15, 2025, took the rate from $0.24 to $0.25 (+4.17%). Since then the rate was cut on Oct 15, 2026, from $0.20 to $0.13.

Is SPMC’s dividend safe?

No rating can promise a future payment, but the record on file says a lot. This is data, not investment advice. The full 5-check rating comes with a plan.

How do I track my SPMC dividends?

Add SPMC to a free DRIPCalc portfolio once, with your buy date and share count. Every payout since fills in, dated and in dollars; with DRIP on, the new shares each payment buys are counted for you, so there is no spreadsheet to update and no broker login. To project the snowball, run SPMC in the DRIP calculator.

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How this page is built: the rate is the latest regular dividend per share; run-rate yield = rate × payments per year ÷ last close (Nov 13, 2026), never a trailing 12-month total, which lags after a raise and hides a cut. Specials and one-off payments never count in the rate; a payer whose regular payments differ in size is annualized over its last full cycle of regular payments. Raise streak = consecutive calendar years with a higher amount per payment than the year before; years without a cut = years in which the amount per payment held within 1%. The Dividend Safety Rating reads 5 visible lines: coverage, streak, raise pace and yield range for dividend stocks; NAV trend, NAV funding and payout stability for income funds. Similar payers = the same sector or fund group, nearest in market value or fund size. Payments, prices and filings come from DRIPCALC’s price and dividend database. History is not a forecast. This is data, not investment advice.