TwentyFour Select Monthly Income Fund (LON:SMIF) Stock Crosses Below 50 Day Moving Average of $84.06

TwentyFour Select Monthly Income Fund Limited (LON:SMIF) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 84.06 ($1.07) and traded as low as GBX 84 ($1.07). TwentyFour Select Monthly Income Fund shares last traded at GBX 84 ($1.07), with a volume of 314,536 shares traded.

TwentyFour Select Monthly Income Fund Price Performance

The company has a 50 day simple moving average of GBX 84.06 and a two-hundred day simple moving average of GBX 82.83. The company has a market capitalization of £205.18 million and a P/E ratio of -1,050.00.

TwentyFour Select Monthly Income Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of GBX 0.50 ($0.01) per share. This represents a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 15th. TwentyFour Select Monthly Income Fund’s dividend payout ratio is currently -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.