TwentyFour Income (LON:TFIF) Hits New 1-Year High – Here’s Why

TwentyFour Income (LON:TFIF)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 110 ($1.35) and last traded at GBX 108.97 ($1.33), with a volume of 323 shares. The stock had previously closed at GBX 108.40 ($1.33).

TwentyFour Income Trading Down 0.4 %

The stock has a 50-day simple moving average of GBX 106.51 and a 200 day simple moving average of GBX 105.36. The stock has a market capitalization of £807.54 million and a price-to-earnings ratio of -3,599.43.

TwentyFour Income Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 16th will be issued a dividend of GBX 2 ($0.02) per share. This represents a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, January 16th. TwentyFour Income’s dividend payout ratio is currently -33,333.33%.

About TwentyFour Income

TwentyFour Income Fund Limited is a London listed closed-ended fund which targets less liquid, higher yielding UK and European asset backed securities.