TwentyFour Select Monthly Income Fund (LON:SMIF) Hits New 12-Month High - Still a Buy?

TwentyFour Select Monthly Income Fund Limited (LON:SMIF - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 88 ($1.14) and last traded at GBX 88 ($1.14), with a volume of 544612 shares changing hands. The stock had previously closed at GBX 87 ($1.12).

TwentyFour Select Monthly Income Fund Price Performance

The firm has a 50-day moving average of GBX 86.51 and a 200 day moving average of GBX 85.63. The company has a market capitalization of £238.60 million and a PE ratio of -1,087.50.

TwentyFour Select Monthly Income Fund (LON:SMIF - Get Free Report) last announced 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 company also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a dividend of GBX 0.50 ($0.01) per share. The ex-dividend date was Thursday, January 16th. This represents a dividend yield of 0.58%. TwentyFour Select Monthly Income Fund's payout ratio is -8,750.00%.

About TwentyFour Select Monthly Income Fund

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.