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

TwentyFour Select Monthly Income Fund Limited (LON:SMIF - Get Free Report) announced a dividend on Thursday, March 13th, DividendData.Co.Uk reports. Shareholders of record on Thursday, March 20th will be given a dividend of GBX 0.50 ($0.01) per share on Friday, April 4th. This represents a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, March 20th. The official announcement can be viewed at this link.

TwentyFour Select Monthly Income Fund Stock Performance

Shares of SMIF stock traded down GBX 0.60 ($0.01) during midday trading on Friday, reaching GBX 85.60 ($1.11). 1,224,809 shares of the company were exchanged, compared to its average volume of 671,710. TwentyFour Select Monthly Income Fund has a 12 month low of GBX 80 ($1.03) and a 12 month high of GBX 88.20 ($1.14). The company has a market cap of £234.76 million and a P/E ratio of -1,070.00. The company's 50 day moving average price is GBX 86.70 and its two-hundred day moving average price is GBX 85.79.

TwentyFour Select Monthly Income Fund Company Profile

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.