TwentyFour Select Monthly Income Fund Limited (SMIF) to Issue Dividend of GBX 0.50 on January 31st

TwentyFour Select Monthly Income Fund Limited (LON:SMIF) announced a dividend on Thursday, January 9th,Upcoming Dividends.Co.Uk reports. Investors 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

Shares of TwentyFour Select Monthly Income Fund stock opened at GBX 86.20 ($1.05) on Friday. The company’s fifty day moving average price is GBX 85.50 and its two-hundred day moving average price is GBX 84.93. TwentyFour Select Monthly Income Fund has a 52-week low of GBX 77.37 ($0.94) and a 52-week high of GBX 88 ($1.07). The firm has a market capitalization of £210.55 million and a PE 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.