Henderson High Income Trust (LON:HHI) Sets New 12-Month High – Time to Buy?

Henderson High Income Trust plc (LON:HHI) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 171 ($2.17) and last traded at GBX 171 ($2.17), with a volume of 261132 shares. The stock had previously closed at GBX 170 ($2.16).

Henderson High Income Trust Price Performance

The company has a debt-to-equity ratio of 23.55, a current ratio of 0.13 and a quick ratio of 0.21. The company has a market capitalization of £295.50 million, a P/E ratio of 8.68 and a beta of 1.07. The firm’s 50-day moving average is GBX 164 and its 200-day moving average is GBX 164.49.

Henderson High Income Trust Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 13th were paid a GBX 5.50 ($0.07) dividend. This represents a dividend yield of 1.06%. This is a positive change from Henderson High Income Trust’s previous dividend of $2.68. The ex-dividend date was Thursday, February 13th. Henderson High Income Trust’s dividend payout ratio is 55.86%.

About Henderson High Income Trust

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.