Henderson Far East Income (LON:HFEL) Shares Pass Below 50-Day Moving Average – Here’s Why

Henderson Far East Income (LON:HFEL)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 229.72 ($2.86) and traded as low as GBX 222.87 ($2.77). Henderson Far East Income shares last traded at GBX 224.50 ($2.79), with a volume of 316,675 shares traded.

Henderson Far East Income Stock Performance

The stock’s fifty day simple moving average is GBX 229.72 and its two-hundred day simple moving average is GBX 228.84. The company has a market cap of £370.93 million, a price-to-earnings ratio of -3,212.64 and a beta of 0.60. The company has a debt-to-equity ratio of 9.65, a quick ratio of 0.69 and a current ratio of 0.49.

Henderson Far East Income Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, January 30th will be given a dividend of GBX 6.20 ($0.08) per share. This represents a yield of 2.66%. The ex-dividend date of this dividend is Thursday, January 30th. Henderson Far East Income’s dividend payout ratio (DPR) is presently -35,714.29%.

Henderson Far East Income Company Profile

Henderson Far East Income aims to provide a high level of dividend as well as capital appreciation from a diversified portfolio of investments traded on the Pacific, Australasian, Japanese and Indian stock markets. It makes investments in a diversified portfolio of securities issued by companies listed on stock exchanges in, or which are based in or the business activities are concentrated on the Asia Pacific region or by governments in the Asia Pacific region.