TwentyFour Income (LON:TFIF) Plans Dividend Increase – GBX 3.96 Per Share

Posted by James Conley on Apr 17th, 2024

TwentyFour Income (LON:TFIF – Get Free Report) declared a dividend on Thursday, April 11th, Upcoming.Co.Uk reports. Investors of record on Thursday, April 18th will be given a dividend of GBX 3.96 ($0.05) per share on Friday, May 3rd. This represents a yield of 3.76%. The ex-dividend date is Thursday, April 18th. This is an increase from TwentyFour Income’s previous dividend of $2.00. The official announcement can be viewed at this link.

TwentyFour Income Stock Up 0.2 %

TwentyFour Income stock opened at GBX 105.40 ($1.31) on Wednesday. The business’s 50-day simple moving average is GBX 105.31 and its 200 day simple moving average is GBX 102.75. The stock has a market cap of £788.22 million and a price-to-earnings ratio of -3,515.93. TwentyFour Income has a 12-month low of GBX 94.40 ($1.18) and a 12-month high of GBX 108.80 ($1.35).

Insider Activity at TwentyFour Income

In related news, insider Joanne Violet Monique Pereira Fintzen bought 47,722 shares of TwentyFour Income stock in a transaction on Friday, April 5th. The shares were purchased at an average price of GBX 104 ($1.29) per share, for a total transaction of £49,630.88 ($61,783.74). 0.09% of the stock is owned by company insiders.

TwentyFour Income Company Profile

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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.