Henderson High Income Trust (LON:HHI) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Henderson High Income Trust plc (LON:HHIGet Free Report)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 166.45 ($2.13) and traded as low as GBX 150.50 ($1.92). Henderson High Income Trust shares last traded at GBX 151 ($1.93), with a volume of 416,614 shares trading hands.

Henderson High Income Trust Price Performance

The firm has a market capitalization of £276.49 million, a P/E ratio of 8.13 and a beta of 1.07. The business has a 50-day moving average of GBX 166.45 and a 200 day moving average of GBX 164.24. The company has a current ratio of 0.13, a quick ratio of 0.21 and a debt-to-equity ratio of 23.55.

Henderson High Income Trust (LON:HHIGet Free Report) last issued its quarterly earnings data on Thursday, March 27th. The company reported GBX 10.74 ($0.14) EPS for the quarter. Henderson High Income Trust had a return on equity of 12.66% and a net margin of 86.35%.

Henderson High Income Trust Increases Dividend

The firm also recently announced a dividend, which was paid on Sunday, April 6th. Stockholders of record on Thursday, April 3rd were issued a GBX 7.15 ($0.09) dividend. The ex-dividend date was Thursday, April 3rd. This is a positive change from Henderson High Income Trust’s previous dividend of $5.50. This represents a dividend yield of 2.68%. Henderson High Income Trust’s dividend payout ratio is currently 55.86%.

Insider Activity

In other Henderson High Income Trust news, insider Preeti Rathi bought 12,000 shares of Henderson High Income Trust stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average cost of GBX 169 ($2.16) per share, with a total value of £20,280 ($25,913.62). 4.39% of the stock is currently owned by corporate insiders.

Henderson High Income Trust Company Profile

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Henderson High Income Trust plc is a United Kingdom-based investment trust. The Trust invests in a diversified selection of companies to provide investors with a high dividend income stream, while also maintaining the prospect of capital growth. A substantial majority of the trust’s assets are invested in ordinary shares of listed companies with the balance in listed fixed interest stocks.

Further Reading

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