Henderson High Income Trust (LON:HHI) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Shares of Henderson High Income Trust plc (LON:HHIGet Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 166.15 ($2.20) and traded as high as GBX 169 ($2.24). Henderson High Income Trust shares last traded at GBX 166 ($2.20), with a volume of 251,917 shares changing hands.

Henderson High Income Trust Stock Down 0.9 %

The firm’s 50-day moving average price is GBX 166.15 and its 200 day moving average price is GBX 164.14. The company has a current ratio of 0.13, a quick ratio of 0.21 and a debt-to-equity ratio of 23.55. The company has a market capitalization of £286.86 million, a price-to-earnings ratio of 8.43 and a beta of 1.07.

Henderson High Income Trust (LON:HHIGet Free Report) last announced 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 net margin of 86.35% and a return on equity of 12.66%.

Henderson High Income Trust Increases Dividend

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

Insiders Place Their Bets

In other news, insider Preeti Rathi purchased 12,000 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was bought at an average cost of GBX 169 ($2.24) per share, for a total transaction of £20,280 ($26,907.26). Insiders own 4.39% of the company’s stock.

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.

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