TwentyFour Income (LON:TFIF) Sets New 52-Week High – Still a Buy?

TwentyFour Income (LON:TFIF) reached a new 52-week high on Thursday . The company traded as high as GBX 111.40 ($1.39) and last traded at GBX 110.80 ($1.38), with a volume of 2839205 shares trading hands. The stock had previously closed at GBX 110.60 ($1.38).

TwentyFour Income Stock Up 0.2 %

The stock has a 50-day simple moving average of GBX 107.76 and a two-hundred day simple moving average of GBX 105.81. The firm has a market cap of £830.10 million and a PE ratio of -3,700.00.

TwentyFour Income (LON:TFIF) last released its quarterly earnings results on Wednesday, November 20th. The company reported GBX 7.67 ($0.10) earnings per share for the quarter.

TwentyFour Income Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, January 16th were given a dividend of GBX 2 ($0.02) per share. The ex-dividend date was Thursday, January 16th. This represents a yield of 1.84%. TwentyFour Income’s payout ratio is -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.