Henderson Far East Income (LON:HFEL) Sets New 12-Month Low - What's Next?

Henderson Far East Income (LON:HFEL - Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as GBX 207.50 ($2.65) and last traded at GBX 210 ($2.68), with a volume of 795765 shares changing hands. The stock had previously closed at GBX 216.50 ($2.77).

Henderson Far East Income Price Performance

The business's 50 day simple moving average is GBX 220.03 and its 200-day simple moving average is GBX 226.85. The stock has a market capitalization of £325.83 million, a P/E ratio of -31.58 and a beta of 0.60.

Henderson Far East Income Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were paid a GBX 10.25 ($0.13) dividend. The ex-dividend date was Thursday, March 20th. This represents a dividend yield of 1.5%. This is an increase from Henderson Far East Income's previous dividend of $6.20. Henderson Far East Income's dividend payout ratio is -393.80%.

About Henderson Far East Income

Henderson Far East Income aims to provide a high level of dividend as well as capital appreciation from a diversified portfolio of investments traded on the Pacific, Australasian, Japanese and Indian stock markets. It makes investments in a diversified portfolio of securities issued by companies listed on stock exchanges in, or which are based in or the business activities are concentrated on the Asia Pacific region or by governments in the Asia Pacific region.