TwentyFour Select Monthly Income Fund Limited (LON:SMIF - Get Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 85.06 ($1.11) and traded as low as GBX 84.60 ($1.10). TwentyFour Select Monthly Income Fund shares last traded at GBX 85.40 ($1.11), with a volume of 596,762 shares changing hands.
TwentyFour Select Monthly Income Fund Trading Down 0.5 %
The firm's 50 day simple moving average is GBX 85.06 and its 200-day simple moving average is GBX 84.18. The stock has a market capitalization of £207.62 million and a price-to-earnings ratio of -1,067.40.
TwentyFour Select Monthly Income Fund Increases Dividend
The firm also recently disclosed a dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 17th were given a GBX 1.38 ($0.02) dividend. This represents a dividend yield of 1.64%. This is a boost from TwentyFour Select Monthly Income Fund's previous dividend of $0.50. The ex-dividend date of this dividend was Thursday, October 17th. TwentyFour Select Monthly Income Fund's dividend payout ratio (DPR) is presently -8,750.00%.
TwentyFour Select Monthly Income Fund Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider TwentyFour Select Monthly Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TwentyFour Select Monthly Income Fund wasn't on the list.
While TwentyFour Select Monthly Income Fund currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
