TwentyFour Select Monthly Income Fund (LON:SMIF) Sets New 52-Week High – Here’s What Happened

Posted by Tyrone Williams on Feb 27th, 2025

TwentyFour Select Monthly Income Fund Limited (LON:SMIF – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 88 ($1.12) and last traded at GBX 87.60 ($1.11), with a volume of 263371 shares changing hands. The stock had previously closed at GBX 87.20 ($1.11).

TwentyFour Select Monthly Income Fund Stock Up 0.5 %

The firm has a market capitalization of £240.25 million and a PE ratio of -1,095.00. The company’s fifty day simple moving average is GBX 86.31 and its 200 day simple moving average is GBX 85.48.

TwentyFour Select Monthly Income Fund (LON:SMIF – Get Free Report) last posted 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 declared 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 dividend yield of 0.58%. The ex-dividend date was Thursday, January 16th. TwentyFour Select Monthly Income Fund’s payout ratio is -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.