Insider Buying: TwentyFour Income (LON:TFIF) Insider Purchases 94,679 Shares of Stock

TwentyFour Income (LON:TFIF) insider John Le Poidevin acquired 94,679 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of GBX 105 ($1.35) per share, with a total value of £99,412.95 ($127,878.76).

TwentyFour Income Trading Down 0.9 %

TwentyFour Income stock opened at GBX 104.60 ($1.35) on Monday. TwentyFour Income has a 12-month low of GBX 94.40 ($1.21) and a 12-month high of GBX 108.80 ($1.40). The stock has a market cap of £782.24 million and a P/E ratio of -3,486.67. The company has a fifty day simple moving average of GBX 103.83 and a 200-day simple moving average of GBX 104.31.

TwentyFour Income Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, August 2nd. Investors of record on Thursday, July 18th were given a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, July 18th. This represents a yield of 1.89%. TwentyFour Income’s dividend payout ratio (DPR) is presently -33,333.33%.

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.