TwentyFour Select Monthly Income Fund (LON:SMIF) Stock Crosses Below Fifty Day Moving Average – What’s Next?

TwentyFour Select Monthly Income Fund Limited (LON:SMIF)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 85.06 ($1.11) and traded as low as GBX 84.60 ($1.10). TwentyFour Select Monthly Income Fund shares last traded at GBX 85.40 ($1.11), with a volume of 596,762 shares trading hands.

TwentyFour Select Monthly Income Fund Trading Down 0.0 %

The company has a market capitalization of £208.58 million and a P/E ratio of -1,067.50. The business has a 50 day moving average price of GBX 85.06 and a 200 day moving average price of GBX 84.18.

TwentyFour Select Monthly Income Fund Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 17th were paid a dividend of GBX 1.38 ($0.02) per share. This represents a yield of 1.64%. This is a boost from TwentyFour Select Monthly Income Fund’s previous dividend of $0.50. The ex-dividend date was Thursday, October 17th. TwentyFour Select Monthly Income Fund’s dividend payout ratio is presently -8,750.00%.

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.