Shares of TwentyFour Select Monthly Income Fund Limited (LON:SMIF - Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 85.44 ($1.14) and traded as low as GBX 84.40 ($1.12). TwentyFour Select Monthly Income Fund shares last traded at GBX 85.40 ($1.14), with a volume of 693,187 shares changing hands.
TwentyFour Select Monthly Income Fund Stock Performance
The firm's fifty day simple moving average is GBX 85.30 and its 200-day simple moving average is GBX 85.64. The stock has a market cap of £232.02 million and a P/E ratio of -1,057.50.
TwentyFour Select Monthly Income Fund Dividend Announcement
The company also recently declared a dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 20th were given 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 dividend payout ratio (DPR) is currently -8,750.00%.
Insiders Place Their Bets
In other TwentyFour Select Monthly Income Fund news, insider Simon Richard Class purchased 25,000 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were purchased at an average cost of GBX 86 ($1.14) per share, for a total transaction of £21,500 ($28,582.82). Company insiders own 0.12% of the company's stock.
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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