TwentyFour Select Monthly Income Fund (LON:SMIF) Hits New 12-Month High – Here’s Why

TwentyFour Select Monthly Income Fund Limited (LON:SMIF)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 88 ($1.12) and last traded at GBX 87.80 ($1.11), with a volume of 441128 shares trading hands. The stock had previously closed at GBX 87.20 ($1.10).

TwentyFour Select Monthly Income Fund Price Performance

The company has a market capitalization of £238.60 million and a P/E ratio of -1,087.50. The company has a fifty day moving average price of GBX 86.23 and a 200 day moving average price of GBX 85.38.

TwentyFour Select Monthly Income Fund (LON:SMIF) last issued its quarterly earnings data on Friday, December 13th. The company reported GBX 16 ($0.20) earnings per share (EPS) for the quarter.

TwentyFour Select Monthly Income Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were issued a GBX 0.50 ($0.01) dividend. This represents a yield of 0.58%. The ex-dividend date of this dividend was Thursday, January 16th. TwentyFour Select Monthly Income Fund’s dividend payout ratio (DPR) is -8,750.00%.

TwentyFour Select Monthly Income Fund Company Profile

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.