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Henderson High Income Trust (LON:HHI) Stock Price Crosses Above Fifty Day Moving Average - Should You Sell?

Henderson High Income Trust logo with Financial Services background

Henderson High Income Trust plc (LON:HHI - Get Free Report)'s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 166.15 ($2.20) and traded as high as GBX 169 ($2.24). Henderson High Income Trust shares last traded at GBX 166 ($2.20), with a volume of 251,917 shares trading hands.

Henderson High Income Trust Stock Up 0.9 %

The stock has a market cap of £292.04 million, a price-to-earnings ratio of 8.58 and a beta of 1.07. The business's 50 day moving average is GBX 166.05 and its 200-day moving average is GBX 164.16. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.21 and a current ratio of 0.13.

Henderson High Income Trust (LON:HHI - Get Free Report) last issued its 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 net margin of 86.35% and a return on equity of 12.66%.

Henderson High Income Trust Increases Dividend

The business also recently disclosed a dividend, which was paid on Sunday, April 6th. Investors of record on Thursday, April 3rd were issued a dividend of GBX 7.15 ($0.09) per share. The ex-dividend date was Thursday, April 3rd. This represents a yield of 2.68%. This is an increase from Henderson High Income Trust's previous dividend of $5.50. Henderson High Income Trust's payout ratio is currently 55.86%.

Insider Buying and Selling

In related news, insider Preeti Rathi acquired 12,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average price of GBX 169 ($2.24) per share, with a total value of £20,280 ($26,871.60). 4.39% of the stock is owned by insiders.

About Henderson High Income Trust

(Get Free Report)

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.

See Also

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