Henderson High Income Trust (LON:HHI) Sets New 52-Week High – What’s Next?

Henderson High Income Trust plc (LON:HHI)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 177 ($2.35) and last traded at GBX 177 ($2.35), with a volume of 198559 shares changing hands. The stock had previously closed at GBX 174.50 ($2.32).

Henderson High Income Trust Stock Up 1.4%

The company has a market cap of £305.87 million, a P/E ratio of 8.99 and a beta of 1.07. 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 business’s 50 day moving average price is GBX 167.77 and its 200-day moving average price is GBX 165.38.

Henderson High Income Trust (LON:HHI) last released its quarterly earnings results on Thursday, March 27th. The company reported GBX 10.74 ($0.14) earnings per share 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 paid 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 (DPR) is 55.86%.

Insider Activity at Henderson High Income Trust

In related news, insider Preeti Rathi purchased 12,000 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average cost of GBX 169 ($2.24) per share, with a total value of £20,280 ($26,939.43). 4.39% of the stock is currently owned by company insiders.

About Henderson High Income Trust

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.