TwentyFour Income (LON:TFIF) Shares Cross Below 50 Day Moving Average - Here's Why

TwentyFour Income (LON:TFIF - Get Free Report)'s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 109.71 ($1.47) and traded as low as GBX 109 ($1.46). TwentyFour Income shares last traded at GBX 109.40 ($1.47), with a volume of 885,346 shares trading hands.

TwentyFour Income Stock Up 0.2%

The stock has a market capitalization of £820.39 million and a price-to-earnings ratio of 0.95. The company has a fifty day moving average of GBX 109.52 and a two-hundred day moving average of GBX 108.59.

TwentyFour Income Increases Dividend

The business also recently announced a special dividend, which was paid on Tuesday, May 6th. Shareholders of record on Tuesday, April 22nd were given a dividend of GBX 5.07 ($0.07) per share. This is a positive change from TwentyFour Income's previous special dividend of $2.00. This represents a yield of 10.3%. The ex-dividend date of this dividend was Thursday, April 17th. TwentyFour Income's dividend payout ratio is presently 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.