TwentyFour Select Monthly Income (LON:SMIF) Stock Crosses Below 50-Day Moving Average of $81.97

TwentyFour Select Monthly Income (LON:SMIF) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 81.97 ($1.01) and traded as low as GBX 81.40 ($1.01). TwentyFour Select Monthly Income shares last traded at GBX 82 ($1.01), with a volume of 316,475 shares trading hands.

TwentyFour Select Monthly Income Price Performance

The company has a market capitalization of £200.29 million and a P/E ratio of -1,025.00. The company has a fifty day moving average price of GBX 81.97 and a 200 day moving average price of GBX 78.90.

TwentyFour Select Monthly Income Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, April 18th will be issued a GBX 0.75 ($0.01) dividend. This represents a yield of 0.91%. This is a positive change from TwentyFour Select Monthly Income’s previous dividend of $0.50. The ex-dividend date of this dividend is Thursday, April 18th. TwentyFour Select Monthly Income’s dividend payout ratio is -8,750.00%.

About TwentyFour Select Monthly Income

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.