TwentyFour Select Monthly Income (LON:SMIF) Share Price Crosses Below Fifty Day Moving Average of $81.79

TwentyFour Select Monthly Income (LON:SMIF) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 81.79 ($1.02) and traded as low as GBX 81.70 ($1.02). TwentyFour Select Monthly Income shares last traded at GBX 83 ($1.03), with a volume of 391,654 shares trading hands.

TwentyFour Select Monthly Income Price Performance

The company has a market capitalization of £203.22 million and a P/E ratio of -1,037.50. The company’s 50-day moving average price is GBX 81.83 and its two-hundred day moving average price is GBX 78.60.

TwentyFour Select Monthly Income Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, April 18th will be given a GBX 0.75 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from TwentyFour Select Monthly Income’s previous dividend of $0.50. This represents a dividend yield of 0.91%. TwentyFour Select Monthly Income’s dividend payout ratio is presently -8,750.00%.

About TwentyFour Select Monthly Income

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.