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TwentyFour Select Monthly Income Fund (LON:SMIF) Stock Price Passes Above Fifty Day Moving Average - Here's What Happened

TwentyFour Select Monthly Income Fund logo with Financial Services background

TwentyFour Select Monthly Income Fund Limited (LON:SMIF - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-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.

TwentyFour Select Monthly Income Fund Stock Down 0.7 %

The company's 50-day moving average is GBX 85.56 and its 200 day moving average is GBX 85. The company has a market cap of £208.11 million and a price-to-earnings ratio of -1,065.00.

TwentyFour Select Monthly Income Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be given a dividend of GBX 0.50 ($0.01) per share. This represents a dividend yield of 0.58%. The ex-dividend date is Thursday, January 16th. TwentyFour Select Monthly Income Fund's dividend payout ratio (DPR) is presently -8,750.00%.

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.

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Should You Invest $1,000 in TwentyFour Select Monthly Income Fund Right Now?

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