TwentyFour Select Monthly Income Fund (LON:SMIF) Shares Pass Below 50-Day Moving Average – Here’s Why

TwentyFour Select Monthly Income Fund Limited (LON:SMIF)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 84.99 ($1.10) and traded as low as GBX 84.20 ($1.09). TwentyFour Select Monthly Income Fund shares last traded at GBX 84.60 ($1.10), with a volume of 1,751,395 shares changing hands.

TwentyFour Select Monthly Income Fund Price Performance

The stock has a 50-day moving average price of GBX 84.99 and a two-hundred day moving average price of GBX 84.07. The stock has a market cap of £206.64 million and a PE ratio of -1,057.50.

TwentyFour Select Monthly Income Fund Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 17th will be issued a GBX 1.38 ($0.02) dividend. This is an increase from TwentyFour Select Monthly Income Fund’s previous dividend of $0.50. The ex-dividend date is Thursday, October 17th. This represents a dividend yield of 1.64%. TwentyFour Select Monthly Income Fund’s dividend payout ratio (DPR) 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.