TwentyFour Select Monthly Income Fund Limited (LON:SMIF) to Issue GBX 0.50 Dividend

TwentyFour Select Monthly Income Fund Limited (LON:SMIF) declared a dividend on Thursday, January 9th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, January 16th will be paid a dividend of GBX 0.50 ($0.01) per share on Friday, January 31st. This represents a yield of 0.58%. The ex-dividend date is Thursday, January 16th. The official announcement can be viewed at this link.

TwentyFour Select Monthly Income Fund Price Performance

SMIF stock opened at GBX 86.20 ($1.05) on Friday. The business has a fifty day moving average of GBX 85.50 and a 200-day moving average of GBX 84.93. The company has a market cap of £210.55 million and a P/E ratio of -1,077.50. TwentyFour Select Monthly Income Fund has a twelve month low of GBX 77.37 ($0.94) and a twelve month high of GBX 88 ($1.07).

About TwentyFour Select Monthly Income Fund

TwentyFour Select Monthly Income Fund is a London listed closed-ended fund which is designed to take advantage of the premium returns available from “less liquid” instruments across the debt spectrum. These securities, do not offer enough liquidity for daily priced OEICs, but are well suited to a traded closed-ended vehicle, where investors can obtain liquidity via the exchange and the quarterly buyback facility that the fund offers.