TwentyFour Income (LON:TFIF) Share Price Crosses Below Fifty Day Moving Average of $105.23

TwentyFour Income (LON:TFIF) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 105.23 ($1.31) and traded as low as GBX 101.32 ($1.26). TwentyFour Income shares last traded at GBX 102.20 ($1.27), with a volume of 5,298,126 shares traded.

TwentyFour Income Price Performance

The stock has a fifty day moving average price of GBX 105.23 and a two-hundred day moving average price of GBX 102.82. The company has a market cap of £765.57 million and a P/E ratio of -3,406.67.

TwentyFour Income Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, April 18th will be issued a dividend of GBX 3.96 ($0.05) per share. This represents a dividend yield of 3.76%. The ex-dividend date is Thursday, April 18th. This is a boost from TwentyFour Income’s previous dividend of $2.00. TwentyFour Income’s payout ratio is -33,333.33%.

Insider Activity

In other TwentyFour Income news, insider Joanne Violet Monique Pereira Fintzen purchased 47,722 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were bought at an average price of GBX 104 ($1.29) per share, with a total value of £49,630.88 ($61,783.74). Corporate insiders own 0.09% of the company’s stock.

About TwentyFour Income

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.