TwentyFour Income (LON:TFIF) Sets New 1-Year High – Here’s What Happened

TwentyFour Income (LON:TFIF)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 112.60 ($1.42) and last traded at GBX 112 ($1.41), with a volume of 3366440 shares. The stock had previously closed at GBX 112.20 ($1.42).

TwentyFour Income Trading Up 0.1 %

The stock has a 50-day simple moving average of GBX 108.10 and a 200 day simple moving average of GBX 106.03. The stock has a market capitalization of £839.10 million and a price-to-earnings ratio of 0.97.

TwentyFour Income (LON:TFIF) last released its quarterly earnings data on Wednesday, November 20th. The company reported GBX 7.67 ($0.10) earnings per share for the quarter. TwentyFour Income had a net margin of 1,552.21% and a return on equity of 103.44%.

TwentyFour Income Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, January 16th were issued a dividend of GBX 2 ($0.03) per share. The ex-dividend date was Thursday, January 16th. This represents a dividend yield of 1.84%. TwentyFour Income’s dividend payout ratio is 8.63%.

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.