Henderson Far East Income (LON:HFEL) Share Price Crosses Above 50-Day Moving Average - Time to Sell?

Henderson Far East Income (LON:HFEL - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 210.14 ($2.81) and traded as high as GBX 219 ($2.93). Henderson Far East Income shares last traded at GBX 215.50 ($2.89), with a volume of 241,187 shares changing hands.

Henderson Far East Income Price Performance

The stock has a market cap of £347.77 million, a price-to-earnings ratio of -33.71 and a beta of 0.60. The stock's 50-day moving average is GBX 210.06 and its 200-day moving average is GBX 221.53.

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

Henderson Far East Income Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued a dividend of GBX 10.25 ($0.14) per share. The ex-dividend date of this dividend was Thursday, March 20th. This is an increase 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 (DPR) is presently -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.