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

Shares of TwentyFour Select Monthly Income Fund Limited (LON:SMIF) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-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 changing hands.

TwentyFour Select Monthly Income Fund Stock Down 0.1 %

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

TwentyFour Select Monthly Income Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 19th will be issued a GBX 0.50 ($0.01) dividend. 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 is presently -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.