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

Henderson High Income Trust plc (LON:HHI) shares traded up 0.8% on Monday following a dividend announcement from the company. The company traded as high as GBX 168 ($2.13) and last traded at GBX 165.75 ($2.10). 248,526 shares changed hands during trading, an increase of 3% from the average session 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. Shareholders of record on Thursday, December 12th will be given a dividend of GBX 2.68 ($0.03) per share. This represents a yield of 1.63%. The ex-dividend date of this dividend is Thursday, December 12th. Henderson High Income Trust’s dividend payout ratio (DPR) is currently 4,782.61%.

Henderson High Income Trust Price Performance

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

Insiders Place Their Bets

In related news, insider Francesca Ecsery acquired 2,945 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were purchased at an average cost of GBX 169 ($2.14) per share, for a total transaction of £4,977.05 ($6,299.27). Insiders own 4.39% of the company’s stock.

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.