Henderson Far East Income (LON:HFEL) Stock Passes Below 50-Day Moving Average – Here’s Why

Henderson Far East Income (LON:HFEL)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 228.87 ($2.87) and traded as low as GBX 225.50 ($2.83). Henderson Far East Income shares last traded at GBX 227.50 ($2.85), with a volume of 74,336 shares traded.

Henderson Far East Income Stock Down 0.4 %

The firm has a fifty day simple moving average of GBX 228.87 and a 200 day simple moving average of GBX 230.88. The company has a debt-to-equity ratio of 9.65, a quick ratio of 0.69 and a current ratio of 0.49. The company has a market cap of £375.24 million, a PE ratio of -3,250.00 and a beta of 0.60.

Henderson Far East Income Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, October 24th were paid a dividend of GBX 6.20 ($0.08) per share. The ex-dividend date was Thursday, October 24th. This represents a dividend yield of 2.67%. Henderson Far East Income’s dividend payout ratio is presently -35,714.29%.

About Henderson Far East Income

Henderson Far East Income Limited is a closed ended balanced mutual fund launched and managed by Henderson Investment Funds Limited. The fund is managed by Henderson Global Investors Limited. It invests in the public equity and fixed income markets of Pacific, Australasia, Japan, and India. The fund invests in stocks of companies operating across diversified sectors.