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

Shares of TwentyFour Select Monthly Income Fund Limited (LON:SMIF) 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 changing hands.

TwentyFour Select Monthly Income Fund Stock Performance

The stock has a market capitalization of £235.86 million and a P/E ratio of -1,075.00. The firm’s fifty day simple moving average is GBX 86.70 and its 200 day simple moving average is GBX 85.82.

TwentyFour Select Monthly Income Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 20th will be paid a dividend of GBX 0.50 ($0.01) per share. This represents a yield of 0.57%. The ex-dividend date of this dividend is Thursday, March 20th. TwentyFour Select Monthly Income Fund’s payout ratio is presently -8,750.00%.

About TwentyFour Select Monthly Income Fund

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.