Cash keeps coming
TwentyFour Income Fund Limited is back with another dividend update, and this one’s a bit of a victory lap. The FTSE 250 investment company said it will pay a final balancing dividend of 4.81p per share for the year ended 31 March 2026, bringing the full-year payout to 10.81p per share.
The yield looks juicy
That total comes in well above the fund’s 8p minimum dividend target. On the 10 April share price, the company says the FY dividend works out to a 9.70% yield — the kind of number that makes income investors sit up a little straighter in their chairs.
What’s the catch?
There isn’t really a dramatic plot twist here. TFIF runs a full payout model, which means it aims to hand out substantially all of its income rather than hoard it like a dragon sitting on a pile of ABS cash.
The company also reminded investors that it has been paying 2p per quarter during the year, with this final balancing dividend topping things off after year-end. The ex-dividend date is 23 April 2026, and payment is scheduled for 29 May 2026.
Big picture: for income-focused holders, this is basically the whole point of the stock — steady distributions, a payout above target, and another reminder that yield-chasers are still very much alive.