TwentyFour Select Monthly Income (SMIF) To Go Ex-Dividend on April 18th

TwentyFour Select Monthly Income (LON:SMIF) declared a dividend on Thursday, April 11th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 18th will be given a dividend of GBX 0.75 ($0.01) per share on Friday, May 3rd. This represents a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from TwentyFour Select Monthly Income’s previous dividend of $0.50. The official announcement can be seen at this link.

TwentyFour Select Monthly Income Price Performance

SMIF stock opened at GBX 83 ($1.05) on Friday. TwentyFour Select Monthly Income has a 1-year low of GBX 69.60 ($0.88) and a 1-year high of GBX 85.80 ($1.09). The business has a fifty day moving average price of GBX 81.64 and a 200-day moving average price of GBX 78.33. The stock has a market capitalization of £202.74 million and a P/E ratio of -1,037.50.

About TwentyFour Select Monthly Income

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.