TwentyFour Income (LON:TFIF) Plans Dividend Increase – GBX 3.96 Per Share

TwentyFour Income (LON:TFIF) declared a dividend on Thursday, April 11th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 18th will be paid a dividend of GBX 3.96 ($0.05) per share on Friday, May 3rd. This represents a yield of 3.76%. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from TwentyFour Income’s previous dividend of $2.00. The official announcement can be accessed at this link.

TwentyFour Income Price Performance

LON TFIF opened at GBX 105.60 ($1.31) on Tuesday. The company has a market cap of £789.72 million and a PE ratio of -3,519.17. The stock’s 50 day simple moving average is GBX 105.31 and its 200-day simple moving average is GBX 102.75. TwentyFour Income has a 1-year low of GBX 94.40 ($1.18) and a 1-year high of GBX 108.80 ($1.35).

Insider Activity

In other news, insider Joanne Violet Monique Pereira Fintzen bought 47,722 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were acquired at an average price of GBX 104 ($1.29) per share, for a total transaction of £49,630.88 ($61,783.74). Company insiders own 0.09% of the company’s stock.

About TwentyFour Income

TwentyFour Income Fund Limited is a closed-ended fixed income mutual fund launched by Numis Securities Limited. The fund is managed by TwentyFour Asset Management LLP. It invests in the fixed income markets of Europe. The fund primarily invests in asset backed securities. It seeks to invest in securities across the maturity spectrum.