TwentyFour Select Monthly Income Fund (LON:SMIF) Reaches New 12-Month Low – Should You Sell?

by · The Cerbat Gem

TwentyFour Select Monthly Income Fund Limited (LON:SMIF – Get Free Report) shares hit a new 52-week low during trading on Friday . The stock traded as low as GBX 80 ($1.05) and last traded at GBX 84.80 ($1.11), with a volume of 4529031 shares. The stock had previously closed at GBX 86.40 ($1.13).

TwentyFour Select Monthly Income Fund Price Performance

The stock’s fifty day simple moving average is GBX 86.76 and its two-hundred day simple moving average is GBX 85.87. The company has a market capitalization of £232.57 million and a price-to-earnings ratio of -1,060.00.

TwentyFour Select Monthly Income Fund Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 20th will be issued a GBX 0.50 ($0.01) dividend. This represents a dividend yield of 0.57%. The ex-dividend date is Thursday, March 20th. TwentyFour Select Monthly Income Fund’s dividend payout ratio (DPR) is presently -8,750.00%.

Insider Buying and Selling at TwentyFour Select Monthly Income Fund

In other TwentyFour Select Monthly Income Fund news, insider Simon Richard Class bought 25,000 shares of TwentyFour Select Monthly Income Fund stock in a transaction dated Thursday, April 3rd. The stock was bought at an average price of GBX 86 ($1.13) per share, for a total transaction of £21,500 ($28,170.86). 0.12% of the stock is owned by corporate insiders.

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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