TwentyFour Income (LON:TFIF) Shares Pass Above 50 Day Moving Average – Should You Sell?

TwentyFour Income (LON:TFIF) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 109.83 ($1.42) and traded as high as GBX 113 ($1.47). TwentyFour Income shares last traded at GBX 111.60 ($1.45), with a volume of 2,060,531 shares.

TwentyFour Income Price Performance

The stock has a market capitalization of £835.36 million and a PE ratio of 0.96. The business has a 50 day moving average price of GBX 109.83 and a 200 day moving average price of GBX 107.19.

TwentyFour Income Announces Dividend

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