Henderson High Income Trust (LON:HHI) Sets New 12-Month High – Should You Buy?

Henderson High Income Trust plc (LON:HHIGet Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as GBX 170.76 ($2.13) and last traded at GBX 169.50 ($2.11), with a volume of 208351 shares changing hands. The stock had previously closed at GBX 169.50 ($2.11).

Henderson High Income Trust Stock Up 0.9 %

The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.21 and a current ratio of 0.14. The firm has a 50 day simple moving average of GBX 163.38 and a two-hundred day simple moving average of GBX 164.13. The stock has a market cap of £290.90 million, a P/E ratio of 734.74 and a beta of 1.07.

Henderson High Income Trust Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 13th will be paid a dividend of GBX 5.50 ($0.07) per share. This is a boost from Henderson High Income Trust’s previous dividend of $2.68. This represents a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, February 13th. Henderson High Income Trust’s payout ratio is currently 4,782.61%.

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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