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

Henderson Far East Income (LON:HFEL - Get Free Report)'s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 208.87 ($2.83) and traded as high as GBX 217 ($2.94). Henderson Far East Income shares last traded at GBX 215 ($2.91), with a volume of 850,605 shares changing hands.

Henderson Far East Income Stock Performance

The company has a market capitalization of £355.89 million, a price-to-earnings ratio of -34.50 and a beta of 0.60. The business's 50 day moving average is GBX 208.90 and its 200 day moving average is GBX 220.45.

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

Henderson Far East Income Increases Dividend

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

About Henderson Far East Income

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.