TwentyFour Income Fund (LON:TFIF) Share Price Crosses Below 50-Day Moving Average of $98.89

TwentyFour Income Fund Limited (LON:TFIFGet Rating) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 98.89 ($1.16) and traded as low as GBX 96.65 ($1.14). TwentyFour Income Fund shares last traded at GBX 97.20 ($1.14), with a volume of 977,423 shares trading hands.

TwentyFour Income Fund Trading Down 0.6 %

The business has a 50-day simple moving average of GBX 98.89 and a 200 day simple moving average of GBX 102.10. The stock has a market cap of £652.67 million and a P/E ratio of 1,388.57.

TwentyFour Income Fund Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, November 4th. Investors of record on Thursday, October 20th were given a dividend of GBX 1.75 ($0.02) per share. This is a positive change from TwentyFour Income Fund’s previous dividend of $1.50. The ex-dividend date was Thursday, October 20th. This represents a dividend yield of 1.85%. TwentyFour Income Fund’s dividend payout ratio is presently 91.57%.

About TwentyFour Income Fund

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TwentyFour Income Fund Limited is a closed-ended fixed income mutual fund launched by Numis Securities Limited. The fund is managed by TwentyFour Asset Management LLP. It invests in the fixed income markets of Europe. The fund primarily invests in asset backed securities. It seeks to invest in securities across the maturity spectrum.

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