TwentyFour Select Monthly Income (LON:SMIF) to Issue Dividend Increase – GBX 0.75 Per Share

TwentyFour Select Monthly Income (LON:SMIF) announced a dividend on Thursday, April 11th, Upcoming.Co.Uk reports. Investors 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 yield of 0.91%. The ex-dividend date is Thursday, April 18th. This is a positive change from TwentyFour Select Monthly Income’s previous dividend of $0.50. The official announcement can be accessed at this link.

TwentyFour Select Monthly Income Stock Performance

SMIF stock opened at GBX 83 ($1.03) on Wednesday. The firm has a market cap of £202.74 million and a PE ratio of -1,037.50. The firm’s fifty day moving average is GBX 81.74 and its 200 day moving average is GBX 78.49. TwentyFour Select Monthly Income has a one year low of GBX 69.60 ($0.87) and a one year high of GBX 85.80 ($1.07).

TwentyFour Select Monthly Income 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.