TwentyFour Income (LON:TFIF) Hits New 52-Week High – What’s Next?

Shares of TwentyFour Income (LON:TFIF) hit a new 52-week high during trading on Monday . The company traded as high as GBX 109 ($1.43) and last traded at GBX 109 ($1.43), with a volume of 616503 shares traded. The stock had previously closed at GBX 107.20 ($1.40).

TwentyFour Income Stock Up 1.1 %

The stock has a market capitalization of £810.12 million and a PE ratio of -3,573.33. The business’s 50-day moving average is GBX 104.79 and its two-hundred day moving average is GBX 104.17.

TwentyFour Income Dividend Announcement

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

Insider Activity at TwentyFour Income

In related news, insider John Le Poidevin purchased 94,679 shares of TwentyFour Income stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average cost of GBX 105 ($1.37) per share, with a total value of £99,412.95 ($130,104.63). 0.09% of the stock is owned by corporate 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.