TwentyFour Income (LON:TFIF) Share Price Crosses Below 50 Day Moving Average – Here’s Why

TwentyFour Income (LON:TFIF)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 106.90 ($1.33) and traded as low as GBX 106.20 ($1.33). TwentyFour Income shares last traded at GBX 106.40 ($1.33), with a volume of 1,150,116 shares trading hands.

TwentyFour Income Price Performance

The business has a 50 day moving average price of GBX 106.98 and a 200 day moving average price of GBX 105.51. The stock has a market capitalization of £809.16 million and a PE ratio of -3,606.67.

TwentyFour Income (LON:TFIF) last issued its earnings results on Wednesday, November 20th. The company reported GBX 7.67 ($0.10) EPS for the quarter.

TwentyFour Income Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 16th will be issued a GBX 2 ($0.02) dividend. This represents a dividend yield of 1.84%. The ex-dividend date is Thursday, January 16th. TwentyFour Income’s 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.