TwentyFour Income (LON:TFIF) Plans Dividend Increase – GBX 17.50 Per Share

TwentyFour Income (LON:TFIF) announced a dividend on Monday, March 24th, Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, March 27th will be paid a dividend of GBX 17.50 ($0.23) per share on Tuesday, April 1st. This represents a yield of 3.9%. The ex-dividend date is Thursday, March 27th. This is a 775.0% increase from TwentyFour Income’s previous dividend of $2.00. The official announcement can be accessed at this link.

TwentyFour Income Stock Performance

Shares of TwentyFour Income stock opened at GBX 111.71 ($1.44) on Monday. The company has a 50-day simple moving average of GBX 109.88 and a two-hundred day simple moving average of GBX 107.25. The stock has a market capitalization of £836.14 million and a PE ratio of 0.96. TwentyFour Income has a 52-week low of GBX 101 ($1.30) and a 52-week high of GBX 113.40 ($1.46).

TwentyFour Income Company Profile

TwentyFour Income Fund Limited is a London listed closed-ended fund which targets less liquid, higher yielding UK and European asset backed securities.