Insider Buying: TwentyFour Income (LON:TFIF) Insider Purchases £99,412.95 in Stock

TwentyFour Income (LON:TFIF) insider John Le Poidevin bought 94,679 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of GBX 105 ($1.35) per share, for a total transaction of £99,412.95 ($127,878.76).

TwentyFour Income Stock Performance

TFIF opened at GBX 104.60 ($1.35) on Monday. The stock has a market cap of £782.24 million and a price-to-earnings ratio of -3,486.67. The stock’s 50 day moving average price is GBX 103.83 and its 200-day moving average price is GBX 104.31. TwentyFour Income has a one year low of GBX 94.40 ($1.21) and a one year high of GBX 108.80 ($1.40).

TwentyFour Income Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, August 2nd. Stockholders of record on Thursday, July 18th were paid a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a dividend yield of 1.89%. TwentyFour Income’s dividend payout ratio is -33,333.33%.

TwentyFour Income Company Profile

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.