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Henderson High Income Trust (LON:HHI) Stock Crosses Above Fifty Day Moving Average - Should You Sell?

Henderson High Income Trust logo with Financial Services background

Henderson High Income Trust plc (LON:HHI - Get Free Report) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 167.77 ($2.24) and traded as high as GBX 177 ($2.36). Henderson High Income Trust shares last traded at GBX 177 ($2.36), with a volume of 198,559 shares.

Henderson High Income Trust Price Performance

The company has a market cap of £307.60 million, a P/E ratio of 9.04 and a beta of 1.07. The company has a fifty day moving average price of GBX 167.96 and a two-hundred day moving average price of GBX 165.49. The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.21 and a current ratio of 0.13.

Henderson High Income Trust (LON:HHI - Get Free Report) last released its earnings results on Thursday, March 27th. The company reported GBX 10.74 ($0.14) earnings per share for the quarter. Henderson High Income Trust had a net margin of 86.35% and a return on equity of 12.66%.

Henderson High Income Trust Increases Dividend

The company also recently announced a dividend, which was paid on Sunday, April 6th. Investors of record on Thursday, April 3rd were paid a GBX 7.15 ($0.10) dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This is a boost from Henderson High Income Trust's previous dividend of $5.50. This represents a dividend yield of 2.68%. Henderson High Income Trust's dividend payout ratio (DPR) is currently 55.86%.

Insider Activity at Henderson High Income Trust

In related news, insider Preeti Rathi acquired 12,000 shares of Henderson High Income Trust stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average cost of GBX 169 ($2.26) per share, with a total value of £20,280 ($27,086.95). 4.39% of the stock is owned by company insiders.

About Henderson High Income Trust

(Get Free Report)

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.

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