Henderson High Income Trust (LON:HHI) Reaches New 52-Week High on Insider Buying Activity

Henderson High Income Trust plc (LON:HHI) shares hit a new 52-week high during mid-day trading on Friday following insider buying activity. The company traded as high as GBX 170.50 ($2.28) and last traded at GBX 168 ($2.25), with a volume of 87756 shares. The stock had previously closed at GBX 168 ($2.25).

Specifically, 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 ($2.26) per share, with a total value of £4,977.05 ($6,664.50).

Henderson High Income Trust Price Performance

The company has a debt-to-equity ratio of 22.72, a current ratio of 0.13 and a quick ratio of 0.21. The company has a market capitalization of £289.20 million, a price-to-earnings ratio of 1,002.94 and a beta of 1.06. The firm has a 50-day moving average price of GBX 165.88 and a two-hundred day moving average price of GBX 161.43.

Henderson High Income Trust Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 12th will be given a dividend of GBX 2.68 ($0.04) per share. This is a boost from Henderson High Income Trust’s previous dividend of $2.63. This represents a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, September 12th. Henderson High Income Trust’s dividend payout ratio is currently 6,470.59%.

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.