Henderson Far East Income (LON:HFEL) Shares Cross Above 50 Day Moving Average - Here's Why

Henderson Far East Income (LON:HFEL - Get Free Report) shares 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 ($2.88), with a volume of 241,187 shares traded.

Henderson Far East Income Stock Performance

The company has a market cap of £350.20 million, a PE ratio of -33.95 and a beta of 0.60. The stock's 50 day moving average price is GBX 210.11 and its 200-day moving average price is GBX 221.70.

Henderson Far East Income (LON:HFEL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported GBX 5.73 ($0.08) earnings per share (EPS) 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 business also recently announced 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 was Thursday, March 20th. This is a boost from Henderson Far East Income's previous dividend of $6.20. This represents a yield of 1.5%. Henderson Far East Income's dividend payout ratio is currently -393.80%.

Henderson Far East Income Company Profile

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.