TwentyFour Select Monthly Income Fund Limited (LON:SMIF) Plans 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 accessed at this link.

TwentyFour Select Monthly Income Fund Stock Performance

LON SMIF remained flat at GBX 86.20 ($1.06) during mid-day trading on Friday. The company had a trading volume of 1,009,198 shares, compared to its average volume of 670,672. The stock has a 50-day moving average price of GBX 85.46 and a 200 day moving average price of GBX 84.91. The firm has a market cap of £210.55 million and a P/E ratio of -1,077.50. TwentyFour Select Monthly Income Fund has a 12-month low of GBX 77.37 ($0.95) and a 12-month high of GBX 88 ($1.08).

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.