TwentyFour Select Monthly Income Fund (LON:SMIF) Hits New 52-Week Low at $75.40

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TwentyFour Select Monthly Income Fund Limited (LON:SMIFGet Rating) reached a new 52-week low during trading on Friday . The company traded as low as GBX 75.40 ($0.90) and last traded at GBX 77.78 ($0.93), with a volume of 552615 shares. The stock had previously closed at GBX 77 ($0.92).

TwentyFour Select Monthly Income Fund Stock Performance

The company has a market capitalization of £159.99 million and a P/E ratio of 7,620.00. The stock has a 50 day moving average price of GBX 81.36 and a 200 day moving average price of GBX 87.25.

TwentyFour Select Monthly Income Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, July 29th. Investors of record on Thursday, July 14th will be issued a GBX 0.50 ($0.01) dividend. This represents a yield of 0.64%. The ex-dividend date is Thursday, July 14th. TwentyFour Select Monthly Income Fund’s dividend payout ratio (DPR) is currently 652.32%.

About TwentyFour Select Monthly Income Fund

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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.

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