TwentyFour Select Monthly Income Fund Limited (LON:SMIF) Announces Dividend of GBX 1.38

TwentyFour Select Monthly Income Fund Limited (LON:SMIF) announced a dividend on Thursday, October 10th, Upcoming.Co.Uk reports. Investors of record on Thursday, October 17th will be given a dividend of GBX 1.38 ($0.02) per share on Friday, November 1st. This represents a yield of 1.64%. The ex-dividend date is Thursday, October 17th. This is an increase from TwentyFour Select Monthly Income Fund’s previous dividend of $0.50. The official announcement can be viewed at this link.

TwentyFour Select Monthly Income Fund Trading Up 1.9 %

Shares of SMIF opened at GBX 85.80 ($1.12) on Friday. The stock has a market cap of £209.58 million and a P/E ratio of -1,052.50. The company has a 50-day moving average of GBX 84.68 and a two-hundred day moving average of GBX 83.87. 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.