Today, UK Mortgages PLC has paid out its quarterly dividend.
https://twentyfouram.com/en/funds/uk-mortgages-fund/
it is paying out 1.5p per share.
250,000,000 shares in circulation
Thus:
£0.015 x 250,000,000 = £3,750,000.00
That is £3.75m cash paid to shareholders
http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=41993839
A yield of 3.2%