Henderson High Income Trust (LON:HHI) Sets New 12-Month High – Time to Buy?

Henderson High Income Trust plc (LON:HHI)’s stock price reached a new 52-week high on Monday . The company traded as high as GBX 171 ($2.17) and last traded at GBX 171 ($2.17), with a volume of 261132 shares traded. The stock had previously closed at GBX 170 ($2.16).

Henderson High Income Trust Stock Performance

The company has a market capitalization of £295.50 million, a P/E ratio of 8.68 and a beta of 1.07. The company’s 50 day moving average is GBX 164 and its 200-day moving average is GBX 164.49. The company has a current ratio of 0.13, a quick ratio of 0.21 and a debt-to-equity ratio of 23.55.

Henderson High Income Trust Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th were given a GBX 5.50 ($0.07) dividend. This is a boost from Henderson High Income Trust’s previous dividend of $2.68. This represents a dividend yield of 1.06%. The ex-dividend date was Thursday, February 13th. Henderson High Income Trust’s payout ratio is currently 55.86%.

Henderson High Income Trust Company Profile

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.