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. Investors of record on Thursday, January 16th will be given 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 accessed at this link.

TwentyFour Select Monthly Income Fund Stock Performance

SMIF remained flat at GBX 86.20 ($1.06) during midday trading on Friday. The company’s stock had a trading volume of 1,009,198 shares, compared to its average volume of 670,672. The firm has a market capitalization of £210.55 million and a price-to-earnings ratio of -1,077.50. 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 firm has a 50-day simple moving average of GBX 85.46 and a 200-day simple moving average of GBX 84.91.

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.