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TwentyFour Income (LON:TFIF) Stock Price Crosses Above 50 Day Moving Average - Here's What Happened

TwentyFour Income logo with Financial Services background

Shares of TwentyFour Income (LON:TFIF - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 105.52 ($1.32) and traded as high as GBX 108 ($1.35). TwentyFour Income shares last traded at GBX 108 ($1.35), with a volume of 508,648 shares trading hands.

TwentyFour Income Stock Performance

The stock has a market cap of £807.67 million and a P/E ratio of -3,600.00. The company has a 50-day simple moving average of GBX 105.53 and a 200-day simple moving average of GBX 104.89.

TwentyFour Income Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 17th were issued a dividend of GBX 2 ($0.03) per share. This represents a yield of 1.87%. The ex-dividend date of this dividend was Thursday, October 17th. TwentyFour Income's dividend payout ratio is currently -33,333.33%.

About TwentyFour Income

(Get Free Report)

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

Further Reading

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