TwentyFour Income (LON:TFIF) Hits New 52-Week High at $140.30

TwentyFour Income (LON:TFIF) reached a new 52-week high on Tuesday . The stock traded as high as GBX 140.30 ($1.73) and last traded at GBX 104.40 ($1.29), with a volume of 1025422 shares changing hands. The stock had previously closed at GBX 103.80 ($1.28).

TwentyFour Income Price Performance

The company has a market capitalization of £776.98 million and a PE ratio of -3,453.33. The company has a 50-day moving average of GBX 104.86 and a two-hundred day moving average of GBX 102.98.

TwentyFour Income Increases Dividend

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

Insider Activity

In other TwentyFour Income news, insider Joanne Violet Monique Pereira Fintzen acquired 47,722 shares of the stock in a transaction dated Friday, April 5th. The shares were acquired at an average cost of GBX 104 ($1.28) per share, for a total transaction of £49,630.88 ($61,302.96). Company insiders own 0.09% of the company’s stock.

TwentyFour Income Company Profile

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.