TwentyFour Select Monthly Income Fund (LON:SMIF) Reaches New 52-Week High – Should You Buy?

Shares of TwentyFour Select Monthly Income Fund Limited (LON:SMIF) hit a new 52-week high on Thursday . The company traded as high as GBX 88 ($1.13) and last traded at GBX 88 ($1.13), with a volume of 544612 shares changing hands. The stock had previously closed at GBX 87 ($1.12).

TwentyFour Select Monthly Income Fund Trading Up 1.1 %

The firm has a 50 day moving average price of GBX 86.44 and a 200-day moving average price of GBX 85.58. The firm has a market cap of £241.34 million and a price-to-earnings ratio of -1,100.00.

TwentyFour Select Monthly Income Fund (LON:SMIF) last released its quarterly earnings results on Friday, December 13th. The company reported GBX 16 ($0.21) EPS for the quarter.

TwentyFour Select Monthly Income Fund Announces Dividend

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