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TwentyFour Select Monthly Income Fund (LON:SMIF) Hits New 52-Week High - Time to Buy?

TwentyFour Select Monthly Income Fund logo with Financial Services background

TwentyFour Select Monthly Income Fund Limited (LON:SMIF - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 88 ($1.11) 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 Stock Performance

The firm has a market cap of £238.60 million and a price-to-earnings ratio of -1,087.50. The company's fifty day moving average is GBX 86.23 and its two-hundred day moving average is GBX 85.38.

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

TwentyFour Select Monthly Income Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a GBX 0.50 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a 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

(Get Free Report)

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.

Further Reading

Should You Invest $1,000 in TwentyFour Select Monthly Income Fund Right Now?

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