TwentyFour Income (LON:TFIF) Sets New 12-Month High – Still a Buy?

TwentyFour Income (LON:TFIF) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 112.60 ($1.43) and last traded at GBX 112 ($1.42), with a volume of 3366440 shares trading hands. The stock had previously closed at GBX 112.20 ($1.42).

TwentyFour Income Stock Performance

The stock has a market capitalization of £844.97 million and a P/E ratio of 0.97. The firm has a fifty day moving average price of GBX 108.39 and a two-hundred day moving average price of GBX 106.19.

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

TwentyFour Income Dividend Announcement

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

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.