TwentyFour Income (LON:TFIF) Shares Cross Above Fifty Day Moving Average - Should You Sell?

TwentyFour Income (LON:TFIF - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 109.83 ($1.42) and traded as high as GBX 113 ($1.46). TwentyFour Income shares last traded at GBX 111.60 ($1.44), with a volume of 2,060,531 shares trading hands.

TwentyFour Income Trading Up 0.4 %

The firm has a market cap of £835.36 million and a P/E ratio of 0.96. The business's fifty day moving average price is GBX 109.88 and its two-hundred day moving average price is GBX 107.25.

TwentyFour Income Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 27th will be given a dividend of GBX 17.50 ($0.23) per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a yield of 3.9%. This is a boost from TwentyFour Income's previous dividend of $2.00. TwentyFour Income's dividend payout ratio is presently 8.63%.

TwentyFour Income Company Profile

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