TwentyFour Income (TFIF) to Issue Dividend of GBX 3.96 on May 3rd

TwentyFour Income (LON:TFIF) declared a dividend on Thursday, April 11th, Upcoming.Co.Uk reports. Investors of record on Thursday, April 18th will be given a dividend of GBX 3.96 ($0.05) per share on Friday, May 3rd. This represents a dividend yield of 3.76%. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from TwentyFour Income’s previous dividend of $2.00. The official announcement can be accessed at this link.

TwentyFour Income Price Performance

Shares of TFIF opened at GBX 105.60 ($1.34) on Friday. The firm has a market cap of £789.72 million and a P/E ratio of -3,520.00. The stock has a 50 day simple moving average of GBX 105.30 and a two-hundred day simple moving average of GBX 102.65. TwentyFour Income has a 1 year low of GBX 94.40 ($1.19) and a 1 year high of GBX 108.80 ($1.38).

Insiders Place Their Bets

In other news, insider Joanne Violet Monique Pereira Fintzen bought 47,722 shares of the business’s stock in a transaction on Friday, April 5th. The stock was acquired at an average price of GBX 104 ($1.32) per share, with a total value of £49,630.88 ($62,815.95). 0.09% of the stock is owned by insiders.

About TwentyFour Income

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.