Henderson Far East Income (LON:HFEL) Sets New 52-Week Low – Should You Sell?

Henderson Far East Income (LON:HFEL) hit a new 52-week low on Thursday . The company traded as low as GBX 207.50 ($2.69) and last traded at GBX 210 ($2.73), with a volume of 795765 shares changing hands. The stock had previously closed at GBX 216.50 ($2.81).

Henderson Far East Income Stock Performance

The company has a fifty day simple moving average of GBX 223.25 and a two-hundred day simple moving average of GBX 227.55. The firm has a market capitalization of £341.26 million, a PE ratio of -33.08 and a beta of 0.60.

Henderson Far East Income Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were paid a GBX 10.25 ($0.13) dividend. The ex-dividend date was Thursday, March 20th. This is a positive change 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 -393.80%.

About Henderson Far East Income

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.