TwentyFour Income (LON:TFIF) Hits New 1-Year High – What’s Next?

TwentyFour Income (LON:TFIF) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 109 ($1.36) and last traded at GBX 108.80 ($1.36), with a volume of 151750 shares trading hands. The stock had previously closed at GBX 108.60 ($1.35).

TwentyFour Income Stock Performance

The firm has a 50-day simple moving average of GBX 106.05 and a 200-day simple moving average of GBX 105.18. The firm has a market cap of £812.15 million and a P/E ratio of -3,620.00.

TwentyFour Income Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 17th were paid a dividend of GBX 2 ($0.02) per share. The ex-dividend date was Thursday, October 17th. This represents a yield of 1.87%. TwentyFour Income’s payout ratio is presently -33,333.33%.

About TwentyFour Income

TwentyFour Income Fund Limited is a London listed closed-ended fund which targets less liquid, higher yielding UK and European asset backed securities.