TwentyFour Income (LON:TFIF) Shares Pass Below 50 Day Moving Average of $104.20

TwentyFour Income (LON:TFIF)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 104.20 ($1.31) and traded as low as GBX 101.80 ($1.28). TwentyFour Income shares last traded at GBX 102.20 ($1.28), with a volume of 1,451,531 shares traded.

TwentyFour Income Price Performance

The company has a 50 day simple moving average of GBX 104.20 and a 200-day simple moving average of GBX 103.26. The stock has a market capitalization of £767.28 million and a P/E ratio of -3,406.67.

TwentyFour Income Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 3rd. Shareholders of record on Thursday, April 18th were issued a dividend of GBX 3.96 ($0.05) per share. The ex-dividend date of this dividend was 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 dividend payout ratio is -33,333.33%.

Insider Activity

In other news, insider Joanne Violet Monique Pereira Fintzen bought 47,722 shares of the stock in a transaction on Friday, April 5th. The shares were acquired at an average cost of GBX 104 ($1.31) per share, for a total transaction of £49,630.88 ($62,350.35). 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.