TwentyFour Select Monthly Income Fund Limited (LON:SMIF) Declares Dividend of GBX 0.50

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 of this dividend is Thursday, January 16th. The official announcement can be seen at this link.

TwentyFour Select Monthly Income Fund Price Performance

Shares of LON:SMIF remained flat at GBX 86.20 ($1.06) during midday trading on Friday. The stock had a trading volume of 1,009,198 shares, compared to its average volume of 670,672. The stock’s fifty day simple moving average is GBX 85.46 and its two-hundred day simple moving average is GBX 84.91. TwentyFour Select Monthly Income Fund has a 52 week low of GBX 77.37 ($0.95) and a 52 week high of GBX 88 ($1.08). The company has a market capitalization of £210.55 million and a P/E ratio of -1,077.50.

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.