Shares of TwentyFour Select Monthly Income Fund Limited (LON:SMIF - Get Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 86.75 ($1.10) and traded as low as GBX 85.80 ($1.09). TwentyFour Select Monthly Income Fund shares last traded at GBX 86.20 ($1.10), with a volume of 562,578 shares trading hands.
TwentyFour Select Monthly Income Fund Price Performance
The firm's 50 day moving average is GBX 86.63 and its 200 day moving average is GBX 85.85. The company has a market cap of £222.15 million and a PE ratio of -1,012.50.
TwentyFour Select Monthly Income Fund Dividend Announcement
The company also recently declared a dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 20th were issued a GBX 0.50 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a dividend yield of 0.57%. TwentyFour Select Monthly Income Fund's payout ratio is currently -8,750.00%.
Insider Buying and Selling
In related news, insider Simon Richard Class acquired 25,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were bought at an average cost of GBX 86 ($1.09) per share, for a total transaction of £21,500 ($27,367.62). 0.12% of the stock is currently owned by company insiders.
About TwentyFour Select Monthly Income Fund
(
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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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