TwentyFour Select Monthly Income Fund (LON:SMIF) Hits New 52-Week Low – What’s Next?

TwentyFour Select Monthly Income Fund Limited (LON:SMIF) shares hit a new 52-week low during trading on Friday . The company traded as low as GBX 80 ($1.03) and last traded at GBX 84.80 ($1.09), with a volume of 4529031 shares trading hands. The stock had previously closed at GBX 86.40 ($1.11).

TwentyFour Select Monthly Income Fund Stock Performance

The company has a market capitalization of £232.57 million and a price-to-earnings ratio of -1,060.00. The business’s 50 day moving average price is GBX 86.73 and its two-hundred day moving average price is GBX 85.87.

TwentyFour Select Monthly Income Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 20th were issued a dividend of GBX 0.50 ($0.01) per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a yield of 0.57%. TwentyFour Select Monthly Income Fund’s payout ratio 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 the firm’s stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average price of GBX 86 ($1.11) per share, with a total value of £21,500 ($27,724.05). Insiders own 0.12% of the company’s stock.

About TwentyFour Select Monthly Income Fund

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.