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Henderson Far East Income (LON:HFEL) Stock Price Passes Below 50-Day Moving Average - Here's What Happened

Henderson Far East Income logo with Financial Services background

Henderson Far East Income (LON:HFEL - Get Free Report)'s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 214.26 ($2.85) and traded as low as GBX 204.75 ($2.73). Henderson Far East Income shares last traded at GBX 207 ($2.76), with a volume of 1,234,036 shares traded.

Henderson Far East Income Stock Down 0.2 %

The firm has a market capitalization of £335.58 million, a PE ratio of -32.53 and a beta of 0.60. The firm's 50-day simple moving average is GBX 213.44 and its 200-day simple moving average is GBX 223.99.

Henderson Far East Income (LON:HFEL - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported GBX 5.73 ($0.08) earnings per share for the quarter. Henderson Far East Income had a negative return on equity of 2.82% and a net margin of 589.91%.

Henderson Far East Income Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued a dividend of GBX 10.25 ($0.14) per share. This is a positive change from Henderson Far East Income's previous dividend of $6.20. This represents a yield of 1.5%. The ex-dividend date of this dividend was Thursday, March 20th. Henderson Far East Income's dividend payout ratio is currently -393.80%.

Henderson Far East Income Company Profile

(Get Free Report)

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.

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