TwentyFour Select Monthly Income Fund (LON:SMIF) Stock Passes Below Fifty Day Moving Average – Here’s Why

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.

TwentyFour Select Monthly Income Fund Stock Performance

The company has a fifty day moving average of GBX 86.70 and a two-hundred day moving average of GBX 85.82. The firm has a market capitalization of £235.86 million and a price-to-earnings ratio of -1,075.00.

TwentyFour Select Monthly Income Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 20th will be given 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 payout ratio is presently -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.