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

by · The Cerbat Gem

TwentyFour Select Monthly Income Fund Limited (LON:SMIF – Get Free Report)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 86.75 ($1.12) and traded as low as GBX 85.80 ($1.11). TwentyFour Select Monthly Income Fund shares last traded at GBX 86.20 ($1.11), with a volume of 562,578 shares.

TwentyFour Select Monthly Income Fund Stock Down 1.9 %

The stock has a 50 day simple moving average of GBX 86.73 and a 200 day simple moving average of GBX 85.87. The stock has a market cap of £232.57 million and a price-to-earnings ratio of -1,060.00.

TwentyFour Select Monthly Income Fund Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, March 20th. This represents a yield of 0.57%. TwentyFour Select Monthly Income Fund’s dividend payout ratio (DPR) is presently -8,750.00%.

Insider Buying and Selling at TwentyFour Select Monthly Income Fund

In related news, insider Simon Richard Class acquired 25,000 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was purchased at an average cost of GBX 86 ($1.11) per share, with a total value of £21,500 ($27,734.78). Insiders own 0.12% of the company’s stock.

About TwentyFour Select Monthly Income Fund

(Get Free Report)

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.

See Also