TwentyFour Income (LON:TFIF) to Issue Dividend of GBX 2

TwentyFour Income (LON:TFIF) announced a dividend on Thursday, October 10th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 17th will be given a dividend of GBX 2 ($0.03) per share on Friday, November 1st. This represents a yield of 1.87%. The ex-dividend date of this dividend is Thursday, October 17th. The official announcement can be seen at this link.

TwentyFour Income Trading Up 0.4 %

Shares of LON TFIF opened at GBX 107.20 ($1.40) on Wednesday. The firm’s 50-day moving average price is GBX 104.97 and its 200-day moving average price is GBX 104.20. The firm has a market capitalization of £801.68 million and a P/E ratio of -3,560.00. TwentyFour Income has a 1-year low of GBX 94.40 ($1.23) and a 1-year high of GBX 109 ($1.42).

Insiders Place Their Bets

In other news, insider John Le Poidevin acquired 94,679 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of GBX 105 ($1.37) per share, for a total transaction of £99,412.95 ($129,815.81). Corporate insiders own 0.09% of the company’s stock.

TwentyFour Income Company Profile

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.