TwentyFour Income (LON:TFIF) Stock Crosses Below 50 Day Moving Average of $105.23

TwentyFour Income (LON:TFIF) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 105.23 ($1.31) and traded as low as GBX 101.32 ($1.26). TwentyFour Income shares last traded at GBX 102.20 ($1.27), with a volume of 5,298,126 shares traded.

TwentyFour Income Stock Performance

The firm has a market cap of £765.57 million and a price-to-earnings ratio of -3,406.67. The business has a fifty day moving average of GBX 105.23 and a two-hundred day moving average of GBX 102.82.

TwentyFour Income Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, April 18th will be issued a GBX 3.96 ($0.05) dividend. The ex-dividend date is Thursday, April 18th. This represents a dividend yield of 3.76%. This is a boost from TwentyFour Income’s previous dividend of $2.00. TwentyFour Income’s dividend payout ratio is currently -33,333.33%.

Insider Buying and Selling

In other news, insider Joanne Violet Monique Pereira Fintzen purchased 47,722 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were acquired at an average price of GBX 104 ($1.29) per share, for a total transaction of £49,630.88 ($61,783.74). Insiders own 0.09% of the company’s stock.

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.