TwentyFour Income (LON:TFIF) Stock Price Crosses Below 50 Day Moving Average of $104.20

TwentyFour Income (LON:TFIF) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 104.20 ($1.31) and traded as low as GBX 101.80 ($1.28). TwentyFour Income shares last traded at GBX 102.20 ($1.28), with a volume of 1,451,531 shares.

TwentyFour Income Trading Up 0.4 %

The company’s fifty day moving average is GBX 104.20 and its 200-day moving average is GBX 103.26. The firm has a market capitalization of £767.28 million and a P/E ratio of -3,406.67.

TwentyFour Income Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, May 3rd. Stockholders of record on Thursday, April 18th were given a GBX 3.96 ($0.05) dividend. This is an increase from TwentyFour Income’s previous dividend of $2.00. This represents a dividend yield of 3.76%. The ex-dividend date was Thursday, April 18th. TwentyFour Income’s dividend payout ratio (DPR) is currently -33,333.33%.

Insider Buying and Selling

In other TwentyFour Income news, insider Joanne Violet Monique Pereira Fintzen acquired 47,722 shares of TwentyFour Income stock in a transaction dated Friday, April 5th. The stock was bought at an average cost of GBX 104 ($1.31) per share, with a total value of £49,630.88 ($62,350.35). 0.09% of the stock is owned by insiders.

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.