TwentyFour Select Monthly Income Fund (LON:SMIF) Share Price Passes Below 50-Day Moving Average – What’s Next?

TwentyFour Select Monthly Income Fund Limited (LON:SMIF)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 86.70 ($1.12) and traded as low as GBX 86 ($1.11). TwentyFour Select Monthly Income Fund shares last traded at GBX 86 ($1.11), with a volume of 614,868 shares traded.

TwentyFour Select Monthly Income Fund Stock Down 0.9 %

The company’s 50-day moving average price is GBX 86.70 and its 200-day moving average price is GBX 85.82. The firm has a market cap of £234.76 million and a price-to-earnings ratio of -1,070.00.

TwentyFour Select Monthly Income Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 20th will be paid a GBX 0.50 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a dividend yield of 0.57%. 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 is a London listed closed-ended fund which is designed to take advantage of the premium returns available from “less liquid” instruments across the debt spectrum. These securities, do not offer enough liquidity for daily priced OEICs, but are well suited to a traded closed-ended vehicle, where investors can obtain liquidity via the exchange and the quarterly buyback facility that the fund offers.