TwentyFour Income (LON:TFIF) Stock Price Crosses Below Fifty Day Moving Average of $103.93

TwentyFour Income (LON:TFIF) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 103.93 ($1.32) and traded as low as GBX 102.40 ($1.30). TwentyFour Income shares last traded at GBX 103.20 ($1.31), with a volume of 765,638 shares traded.

TwentyFour Income Stock Up 0.6 %

The stock has a market cap of £776.41 million and a P/E ratio of -3,440.00. The stock has a fifty day simple moving average of GBX 103.93 and a 200-day simple moving average of GBX 103.73.

TwentyFour Income Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 3rd. Stockholders of record on Thursday, April 18th were issued a dividend of GBX 3.96 ($0.05) per share. This represents a dividend yield of 3.76%. The ex-dividend date was 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 acquired 47,722 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were acquired at an average price of GBX 104 ($1.32) per share, for a total transaction of £49,630.88 ($63,079.41). 0.09% of the stock is currently owned by company insiders.

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.