Henderson High Income Trust (LON:HHI) Trading Up 0.8% Following Dividend Announcement

Henderson High Income Trust plc (LON:HHI)’s stock price was up 0.8% on Monday following a dividend announcement from the company. The stock traded as high as GBX 168 ($2.13) and last traded at GBX 165.75 ($2.10). Approximately 248,526 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 241,196 shares. The stock had previously closed at GBX 164.50 ($2.08).

The newly announced dividend which will be paid on Friday, January 31st. Investors of record on Thursday, December 12th will be given a GBX 2.68 ($0.03) dividend. This represents a dividend yield of 1.63%. The ex-dividend date is Thursday, December 12th. Henderson High Income Trust’s dividend payout ratio is currently 4,782.61%.

Henderson High Income Trust Stock Performance

The company has a debt-to-equity ratio of 23.55, a quick ratio of 0.21 and a current ratio of 0.14. The stock’s 50-day moving average is GBX 163.20 and its 200 day moving average is GBX 163.39. The firm has a market cap of £285.32 million, a P/E ratio of 720.65 and a beta of 1.07.

Insider Activity at Henderson High Income Trust

In other news, insider Francesca Ecsery acquired 2,945 shares of Henderson High Income Trust stock in a transaction dated Friday, September 27th. The stock was bought at an average cost of GBX 169 ($2.14) per share, with a total value of £4,977.05 ($6,299.27). 4.39% of the stock is owned by corporate insiders.

About Henderson High Income Trust

Henderson High Income Trust plc is a close-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.