TwentyFour Income (LON:TFIF) Reaches New 12-Month Low – What’s Next?

TwentyFour Income (LON:TFIF)’s share price reached a new 52-week low during trading on Monday . The company traded as low as GBX 97.47 ($1.26) and last traded at GBX 97.47 ($1.26), with a volume of 5354398 shares. The stock had previously closed at GBX 109.13 ($1.41).

TwentyFour Income Stock Down 7.5 %

The stock has a 50-day moving average of GBX 110.73 and a 200 day moving average of GBX 107.73. The stock has a market cap of £755.47 million and a PE ratio of 0.87.

TwentyFour Income Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 27th were paid a GBX 17.50 ($0.23) dividend. The ex-dividend date was Thursday, March 27th. This represents a dividend yield of 3.9%. This is a positive change 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.