Henderson High Income Trust (LON:HHI) Hits New 52-Week High – Should You Buy?

by · The Cerbat Gem

Henderson High Income Trust plc (LON:HHI – Get Free Report)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as GBX 171 ($2.22) and last traded at GBX 170.85 ($2.21), with a volume of 234788 shares changing hands. The stock had previously closed at GBX 168.25 ($2.18).

Henderson High Income Trust Stock Performance

The company has a quick ratio of 0.21, a current ratio of 0.13 and a debt-to-equity ratio of 23.55. The stock has a 50-day moving average of GBX 165.07 and a 200 day moving average of GBX 164.68. The stock has a market cap of £295.24 million, a PE ratio of 8.68 and a beta of 1.07.

Henderson High Income Trust Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 13th were issued a GBX 5.50 ($0.07) dividend. The ex-dividend date was Thursday, February 13th. This represents a dividend yield of 1.06%. This is a positive change from Henderson High Income Trust’s previous dividend of $2.68. Henderson High Income Trust’s dividend payout ratio is currently 55.86%.

Henderson High Income Trust Company Profile

(Get Free Report)

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