TwentyFour Select Monthly Income Fund (LON:SMIF) Share Price Crosses Above 50 Day Moving Average of $84.53

TwentyFour Select Monthly Income Fund Limited (LON:SMIF)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 84.53 ($1.13) and traded as high as GBX 86 ($1.15). TwentyFour Select Monthly Income Fund shares last traded at GBX 85.60 ($1.14), with a volume of 1,036,573 shares traded.

TwentyFour Select Monthly Income Fund Price Performance

The business has a 50 day simple moving average of GBX 84.53 and a 200 day simple moving average of GBX 83.69. The company has a market capitalization of £208.81 million and a price-to-earnings ratio of -1,070.00.

TwentyFour Select Monthly Income Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, October 4th. Shareholders of record on Thursday, September 19th 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, September 19th. TwentyFour Select Monthly Income Fund’s dividend payout ratio (DPR) 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.