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

TwentyFour Select Monthly Income Fund Limited (LON:SMIF) announced a dividend on Thursday, November 14th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, November 21st will be paid a dividend of GBX 0.50 ($0.01) per share on Friday, December 6th. This represents a dividend yield of 0.59%. The ex-dividend date is Thursday, November 21st. The official announcement can be seen at this link.

TwentyFour Select Monthly Income Fund Price Performance

LON SMIF traded up GBX 0.20 ($0.00) on Thursday, hitting GBX 85.40 ($1.10). 501,057 shares of the company were exchanged, compared to its average volume of 513,964. TwentyFour Select Monthly Income Fund has a twelve month low of GBX 71.80 ($0.92) and a twelve month high of GBX 88 ($1.13). The company’s 50 day moving average price is GBX 85.11 and its 200-day moving average price is GBX 84.29. The firm has a market capitalization of £208.60 million and a P/E ratio of -1,067.50.

About TwentyFour Select Monthly Income Fund

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.