TwentyFour Select Monthly Income (LON:SMIF) Shares Pass Below Fifty Day Moving Average of $81.97

TwentyFour Select Monthly Income (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 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.

TwentyFour Select Monthly Income Trading Up 0.5 %

The firm’s 50-day simple moving average is GBX 81.97 and its two-hundred day simple moving average is GBX 78.94. The stock has a market capitalization of £200.29 million and a PE ratio of -1,025.00.

TwentyFour Select Monthly Income Increases Dividend

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

TwentyFour Select Monthly Income 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.