TwentyFour Income (LON:TFIF) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

TwentyFour Income (LON:TFIF) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 105.38 ($1.34) and traded as high as GBX 107.80 ($1.37). TwentyFour Income shares last traded at GBX 106.80 ($1.35), with a volume of 1,083,948 shares.

TwentyFour Income Stock Down 0.1 %

The firm’s fifty day simple moving average is GBX 105.38 and its 200-day simple moving average is GBX 104.61. The company has a market cap of £797.71 million and a PE ratio of -3,560.00.

TwentyFour Income Dividend Announcement

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

TwentyFour Income Company Profile

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.