TwentyFour Income Fund (LON:TFIF) Sets New 52-Week Low at $103.50

TwentyFour Income Fund Limited (LON:TFIFGet Rating) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 103.50 ($1.26) and last traded at GBX 104.20 ($1.26), with a volume of 375042 shares trading hands. The stock had previously closed at GBX 105.50 ($1.28).

The business’s 50-day moving average is GBX 107.25 and its two-hundred day moving average is GBX 110.99.

The firm also recently declared a dividend, which was paid on Friday, May 6th. Investors of record on Thursday, April 21st were given a dividend of GBX 2.27 ($0.03) per share. This represents a yield of 2.07%. This is a boost from TwentyFour Income Fund’s previous dividend of $1.50. The ex-dividend date of this dividend was Thursday, April 21st.

In other TwentyFour Income Fund news, insider Richard Burwood purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 30th. The stock was purchased at an average cost of GBX 107 ($1.30) per share, with a total value of £21,400 ($25,974.03).

About TwentyFour Income Fund (LON:TFIF)

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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