TwentyFour Income (LON:TFIF) Reaches New 12-Month High – Here’s Why

TwentyFour Income (LON:TFIF) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 111.40 ($1.40) and last traded at GBX 110.80 ($1.39), with a volume of 2839205 shares trading hands. The stock had previously closed at GBX 110.60 ($1.39).

TwentyFour Income Price Performance

The company has a market cap of £835.36 million and a price-to-earnings ratio of 0.96. The business has a 50 day simple moving average of GBX 108.01 and a 200 day simple moving average of GBX 105.96.

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

TwentyFour Income Announces Dividend

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

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.