Shore Capital reiterated their house stock rating on shares of Downing Strategic Micro-Cap Inv Trst (LON:DSM) in a research report released on Tuesday, Digital Look reports.
DSM stock opened at GBX 73 ($0.95) on Tuesday. Downing Strategic Micro-Cap Inv Trst has a 52 week low of GBX 0.70 ($0.01) and a 52 week high of GBX 72.80 ($0.95).
The company also recently announced a dividend, which will be paid on Friday, July 5th. Stockholders of record on Thursday, May 23rd will be issued a GBX 1.25 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a dividend yield of 1.71%.
In other news, insider Hugh Aldous bought 25,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was purchased at an average price of GBX 74 ($0.97) per share, for a total transaction of £18,500 ($24,173.53).
Downing Strategic Micro-Cap Inv Trst Company Profile
Downing Strategic Micro-Cap Investment Trust PLC is a United Kingdom-based closed-end investment company. The investment objective of the Company is to generate capital growth for shareholders over the long term, from a focused portfolio of micro-cap companies (those whose market capitalizations are under British Pound 150 million at the time of investment) targeting a compound return of 15% per annum over the long term.
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