TwentyFour Select Monthly Income Fund (LON:SMIF) Share Price Passes Above Fifty Day Moving Average of $83.97

TwentyFour Select Monthly Income Fund Limited (LON:SMIF)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 83.97 ($1.09) and traded as high as GBX 84.80 ($1.10). TwentyFour Select Monthly Income Fund shares last traded at GBX 84 ($1.09), with a volume of 254,352 shares traded.

TwentyFour Select Monthly Income Fund Stock Down 0.2 %

The business has a 50-day moving average price of GBX 83.97 and a two-hundred day moving average price of GBX 82.42. The company has a market capitalization of £205.18 million and a price-to-earnings ratio of -1,050.00.

TwentyFour Select Monthly Income Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, July 18th will be paid a dividend of GBX 0.50 ($0.01) per share. This represents a yield of 0.59%. The ex-dividend date of this dividend is Thursday, July 18th. TwentyFour Select Monthly Income Fund’s payout ratio is -8,750.00%.

TwentyFour Select Monthly Income Fund 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.