Henderson High Income Trust (LON:HHI) Hits New 12-Month High – Here’s Why

Henderson High Income Trust plc (LON:HHIGet Free Report) hit a new 52-week high on Friday . The stock traded as high as GBX 171 ($2.21) and last traded at GBX 170.85 ($2.21), with a volume of 234788 shares. The stock had previously closed at GBX 168.25 ($2.18).

Henderson High Income Trust Stock Performance

The company has a debt-to-equity ratio of 23.55, a current ratio of 0.13 and a quick ratio of 0.21. The firm has a fifty day moving average price of GBX 165.21 and a two-hundred day moving average price of GBX 164.70. The stock has a market capitalization of £295.24 million, a PE ratio of 8.68 and a beta of 1.07.

Henderson High Income Trust Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th were issued a GBX 5.50 ($0.07) dividend. This represents a dividend yield of 1.06%. This is an increase from Henderson High Income Trust’s previous dividend of $2.68. The ex-dividend date was Thursday, February 13th. Henderson High Income Trust’s dividend payout ratio is presently 55.86%.

About Henderson High Income Trust

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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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