TwentyFour Select Monthly Income Fund (LON:SMIF) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

TwentyFour Select Monthly Income Fund Limited (LON:SMIF) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 84.99 ($1.10) and traded as low as GBX 84.20 ($1.09). TwentyFour Select Monthly Income Fund shares last traded at GBX 84.60 ($1.10), with a volume of 1,751,395 shares traded.

TwentyFour Select Monthly Income Fund Trading Down 0.5 %

The company has a market capitalization of £206.64 million and a PE ratio of -1,057.50. The business’s fifty day moving average is GBX 84.99 and its two-hundred day moving average is GBX 84.07.

TwentyFour Select Monthly Income Fund Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 17th will be issued a GBX 1.38 ($0.02) dividend. This is a positive change from TwentyFour Select Monthly Income Fund’s previous dividend of $0.50. This represents a yield of 1.64%. The ex-dividend date of this dividend is Thursday, October 17th. TwentyFour Select Monthly Income Fund’s payout ratio is presently -8,750.00%.

About TwentyFour Select Monthly Income Fund

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.