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

TwentyFour Select Monthly Income Fund Limited (LON:SMIF) announced a dividend on Thursday, September 12th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 19th will be paid a dividend of GBX 0.50 ($0.01) per share on Friday, October 4th. This represents a dividend yield of 0.59%. The ex-dividend date is Thursday, September 19th. The official announcement can be accessed at this link.

TwentyFour Select Monthly Income Fund Price Performance

Shares of SMIF opened at GBX 84.99 ($1.11) on Friday. The stock has a market capitalization of £207.60 million and a PE ratio of -1,062.45. The business’s fifty day moving average price is GBX 84.34 and its 200 day moving average price is GBX 83.36. TwentyFour Select Monthly Income Fund has a 12-month low of GBX 70 ($0.92) and a 12-month high of GBX 88 ($1.15).

TwentyFour Select Monthly Income Fund Company Profile

TwentyFour Select Monthly Income Fund Limited is a closed-ended fixed income mutual fund launched by Numis Securities Ltd. The fund is managed by TwentyFour Asset Management LLP. It invests in fixed income markets of the United Kingdom. The fund primarily invests in less liquid instruments across the debt spectrum, including asset backed securities, bank capital, corporate loans, high yield bonds, and leveraged loans issued by a wide variety of issuers.