TwentyFour Select Monthly Income Fund (LON:SMIF) Trading Down 0.5% - Time to Sell?

Shares of TwentyFour Select Monthly Income Fund Limited (LON:SMIF - Get Free Report) fell 0.5% on Thursday . The company traded as low as GBX 84.60 ($1.08) and last traded at GBX 84.60 ($1.08). 238,920 shares traded hands during trading, a decline of 54% from the average session volume of 518,685 shares. The stock had previously closed at GBX 85 ($1.08).

TwentyFour Select Monthly Income Fund Stock Performance

The company has a market capitalization of £209.09 million and a PE ratio of -1,057.50. The stock has a fifty day moving average of GBX 85.09 and a 200 day moving average of GBX 84.54.

TwentyFour Select Monthly Income Fund Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be issued a GBX 0.50 ($0.01) dividend. This represents a dividend yield of 0.59%. The ex-dividend date is Thursday, November 21st. TwentyFour Select Monthly Income Fund's dividend payout ratio is presently -8,750.00%.

About TwentyFour Select Monthly Income Fund

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.