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TwentyFour Income (LON:TFIF) Hits New 1-Year High - Time to Buy?

TwentyFour Income logo with Financial Services background

Shares of TwentyFour Income (LON:TFIF - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 113.40 ($1.51) and last traded at GBX 113.10 ($1.50), with a volume of 971969 shares traded. The stock had previously closed at GBX 111.40 ($1.48).

TwentyFour Income Price Performance

The stock has a 50 day moving average of GBX 110.96 and a two-hundred day moving average of GBX 108.02. The stock has a market capitalization of £812.90 million and a PE ratio of 0.94.

TwentyFour Income Increases Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Tuesday, April 22nd will be issued a GBX 5.07 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, April 17th. This is a boost from TwentyFour Income's previous special dividend of $2.00. This represents a yield of 10.3%. TwentyFour Income's dividend payout ratio (DPR) is 8.63%.

About TwentyFour Income

(Get Free Report)

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

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