TwentyFour Select Monthly Income Fund (LON:SMIF) Reaches New 52-Week Low - Here's Why

TwentyFour Select Monthly Income Fund Limited (LON:SMIF - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The company traded as low as GBX 80 ($1.02) and last traded at GBX 84.80 ($1.08), with a volume of 4529031 shares. The stock had previously closed at GBX 86.40 ($1.10).

TwentyFour Select Monthly Income Fund Stock Down 0.2 %

The firm has a 50 day moving average of GBX 86.55 and a 200 day moving average of GBX 85.83. The firm has a market cap of £229.83 million and a PE ratio of -1,047.50.

TwentyFour Select Monthly Income Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 20th were issued a GBX 0.50 ($0.01) dividend. This represents a yield of 0.57%. The ex-dividend date was Thursday, March 20th. TwentyFour Select Monthly Income Fund's dividend payout ratio (DPR) is currently -8,750.00%.

Insider Buying and Selling at TwentyFour Select Monthly Income Fund

In related news, insider Simon Richard Class purchased 25,000 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was purchased at an average cost of GBX 86 ($1.10) per share, with a total value of £21,500 ($27,472.53). Insiders own 0.12% of the company's stock.

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.