TwentyFour Select Monthly Income Fund (LON:SMIF) Shares Cross Above Fifty Day Moving Average – Here’s Why

TwentyFour Select Monthly Income Fund Limited (LON:SMIF) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 85.56 ($1.04) and traded as high as GBX 86 ($1.05). TwentyFour Select Monthly Income Fund shares last traded at GBX 85.20 ($1.04), with a volume of 866,752 shares changing hands.

TwentyFour Select Monthly Income Fund Stock Performance

The company has a market cap of £208.11 million and a price-to-earnings ratio of -1,065.00. The stock’s fifty day moving average is GBX 85.56 and its two-hundred day moving average is GBX 84.99.

TwentyFour Select Monthly Income Fund Announces Dividend

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