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

TwentyFour Select Monthly Income Fund Limited (LON:SMIF) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 85.80 ($1.07) and traded as low as GBX 85.80 ($1.07). TwentyFour Select Monthly Income Fund shares last traded at GBX 86.20 ($1.08), with a volume of 569,536 shares.

TwentyFour Select Monthly Income Fund Stock Up 0.3 %

The firm has a 50 day moving average price of GBX 85.80 and a 200 day moving average price of GBX 85.14. The stock has a market capitalization of £211.22 million and a PE ratio of -1,080.91.

TwentyFour Select Monthly Income Fund (LON:SMIF) last released its quarterly earnings results on Friday, December 13th. The company reported GBX 16 ($0.20) EPS for the quarter.

TwentyFour Select Monthly Income Fund Announces Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a dividend of GBX 0.50 ($0.01) per share. This represents a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, January 16th. TwentyFour Select Monthly Income Fund’s payout ratio is currently -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.