TwentyFour Select Monthly Income Fund (LON:SMIF) Hits New 52-Week High at $86.00

TwentyFour Select Monthly Income Fund Limited (LON:SMIF)’s share price reached a new 52-week high on Tuesday . The stock traded as high as GBX 86 ($1.12) and last traded at GBX 84.45 ($1.10), with a volume of 761932 shares. The stock had previously closed at GBX 84 ($1.09).

TwentyFour Select Monthly Income Fund Stock Up 0.5 %

The stock has a fifty day moving average price of GBX 84.07 and a two-hundred day moving average price of GBX 82.88. The company has a market capitalization of £206.28 million and a price-to-earnings ratio of -1,050.00.

TwentyFour Select Monthly Income Fund Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be paid a GBX 0.50 ($0.01) dividend. This represents a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 15th. TwentyFour Select Monthly Income Fund’s payout ratio is -8,750.00%.

TwentyFour Select Monthly Income Fund Company Profile

TwentyFour Select Monthly Income Fund Limited is a closed-ended fixed income mutual fund launched by Numis Securities Ltd. The fund is managed by TwentyFour Asset Management LLP. It invests in fixed income markets of the United Kingdom. The fund primarily invests in less liquid instruments across the debt spectrum, including asset backed securities, bank capital, corporate loans, high yield bonds, and leveraged loans issued by a wide variety of issuers.