Henderson Far East Income (LON:HFEL) Shares Pass Below Fifty Day Moving Average - Here's Why

Henderson Far East Income (LON:HFEL - Get Free Report)'s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 229.72 ($2.89) and traded as low as GBX 222.87 ($2.80). Henderson Far East Income shares last traded at GBX 224.50 ($2.82), with a volume of 316,675 shares changing hands.

Henderson Far East Income Price Performance

The firm has a market cap of £364.02 million, a PE ratio of -35.28 and a beta of 0.60. The firm has a 50-day simple moving average of GBX 229.48 and a 200 day simple moving average of GBX 228.69.

Henderson Far East Income Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, January 30th will be given a dividend of GBX 6.20 ($0.08) per share. This represents a yield of 2.66%. The ex-dividend date of this dividend is Thursday, January 30th. Henderson Far East Income's dividend payout ratio is currently -393.80%.

Henderson Far East Income Company Profile

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.