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Henderson Far East Income (LON:HFEL) Share Price Crosses Above 50 Day Moving Average - Here's Why

Henderson Far East Income logo with Financial Services background

Henderson Far East Income (LON:HFEL - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 229.41 ($2.98) and traded as high as GBX 233 ($3.02). Henderson Far East Income shares last traded at GBX 226.50 ($2.94), with a volume of 701,230 shares traded.

Henderson Far East Income Stock Down 1.1 %

The stock has a market capitalization of £369.62 million, a P/E ratio of -3,228.57 and a beta of 0.60. The stock's 50 day simple moving average is GBX 229.41 and its 200 day simple moving average is GBX 232.09. The company has a current ratio of 0.49, a quick ratio of 0.69 and a debt-to-equity ratio of 9.65.

Henderson Far East Income Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 24th will be issued a GBX 6.20 ($0.08) dividend. The ex-dividend date is Thursday, October 24th. This represents a yield of 2.67%. Henderson Far East Income's dividend payout ratio is currently -35,714.29%.

About Henderson Far East Income

(Get Free Report)

Henderson Far East Income Limited is a closed ended balanced mutual fund launched and managed by Henderson Investment Funds Limited. The fund is managed by Henderson Global Investors Limited. It invests in the public equity and fixed income markets of Pacific, Australasia, Japan, and India. The fund invests in stocks of companies operating across diversified sectors.

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