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Henderson High Income Trust (LON:HHI) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Henderson High Income Trust logo with Financial Services background

Henderson High Income Trust plc (LON:HHI - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 167.41 ($2.27) and traded as high as GBX 186 ($2.53). Henderson High Income Trust shares last traded at GBX 185 ($2.51), with a volume of 243,581 shares.

Henderson High Income Trust Price Performance

The business has a 50 day moving average price of GBX 172.78 and a two-hundred day moving average price of GBX 167.77. The stock has a market cap of £307.60 million, a PE ratio of 9.04 and a beta of 1.07. 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 issued its earnings results on Thursday, March 27th. The company reported GBX 10.74 ($0.15) earnings per share (EPS) 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 firm also recently declared a dividend, which was paid on Sunday, April 6th. Shareholders of record on Thursday, April 3rd were given a dividend of GBX 7.15 ($0.10) per share. This represents a yield of 2.68%. This is a positive change from Henderson High Income Trust's previous dividend of $5.50. The ex-dividend date was Thursday, April 3rd. Henderson High Income Trust's dividend payout ratio is presently 55.86%.

Insider Transactions at Henderson High Income Trust

In other Henderson High Income Trust news, insider Preeti Rathi bought 12,000 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average cost of GBX 169 ($2.29) per share, for a total transaction of £20,280 ($27,535.64). 4.39% of the stock is currently 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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