TwentyFour Income Fund (LON:TFIF) Stock Price Passes Below 50-Day Moving Average of $103.05

TwentyFour Income Fund Limited (LON:TFIFGet Rating) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 103.05 ($1.26) and traded as low as GBX 101 ($1.24). TwentyFour Income Fund shares last traded at GBX 101.50 ($1.24), with a volume of 1,160,306 shares traded.

TwentyFour Income Fund Stock Up 0.2 %

The stock has a market cap of ¬£649.68 million and a price-to-earnings ratio of 1,450.00. The firm’s 50 day moving average is GBX 103.05 and its two-hundred day moving average is GBX 107.76.

TwentyFour Income Fund Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 5th. Investors of record on Thursday, July 21st will be paid a dividend of GBX 1.50 ($0.02) per share. The ex-dividend date of this dividend is Thursday, July 21st. This represents a yield of 1.5%. TwentyFour Income Fund’s dividend payout ratio (DPR) is 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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