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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Henderson Far East Income Limited | HFEL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 237.00 | 16:35:07 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 236.00 | 235.00 | 237.00 | 237.00 | 237.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 15/10/2024 | Interim | GBP | 0.062 | 24/10/2024 | 25/10/2024 | 29/11/2024 |
| 10/07/2024 | Interim | GBP | 0.062 | 25/07/2024 | 26/07/2024 | 30/08/2024 |
| 16/04/2024 | Interim | GBP | 0.061 | 25/04/2024 | 26/04/2024 | 31/05/2024 |
| 16/01/2024 | Interim | GBP | 0.061 | 25/01/2024 | 26/01/2024 | 23/02/2024 |
| 17/10/2023 | Interim | GBP | 0.061 | 26/10/2023 | 27/10/2023 | 24/11/2023 |
| 21/06/2023 | Interim | GBP | 0.061 | 27/07/2023 | 28/07/2023 | 25/08/2023 |
| 19/04/2023 | Interim | GBP | 0.06 | 27/04/2023 | 28/04/2023 | 26/05/2023 |
| 17/01/2023 | Interim | GBP | 0.06 | 26/01/2023 | 27/01/2023 | 24/02/2023 |
| 19/10/2022 | Interim | GBP | 0.06 | 27/10/2022 | 28/10/2022 | 25/11/2022 |
| 22/06/2022 | Interim | GBP | 0.06 | 28/07/2022 | 29/07/2022 | 26/08/2022 |
| 24/03/2022 | Interim | GBP | 0.059 | 28/04/2022 | 29/04/2022 | 27/05/2022 |
| 20/01/2022 | Interim | GBP | 0.059 | 27/01/2022 | 28/01/2022 | 25/02/2022 |
| 19/10/2021 | Interim | GBP | 0.059 | 28/10/2021 | 29/10/2021 | 26/11/2021 |
| 25/06/2021 | Interim | GBP | 0.059 | 29/07/2021 | 30/07/2021 | 27/08/2021 |
| 22/04/2021 | Interim | GBP | 0.058 | 29/04/2021 | 30/04/2021 | 28/05/2021 |
| 20/01/2021 | Interim | GBP | 0.058 | 28/01/2021 | 29/01/2021 | 26/02/2021 |
| 06/10/2020 | Interim | GBP | 0.058 | 29/10/2020 | 30/10/2020 | 27/11/2020 |
| 24/06/2020 | Interim | GBP | 0.058 | 30/07/2020 | 31/07/2020 | 28/08/2020 |
| 23/04/2020 | Interim | GBP | 0.057 | 30/04/2020 | 01/05/2020 | 29/05/2020 |
| 23/01/2020 | Interim | GBP | 0.057 | 30/01/2020 | 31/01/2020 | 28/02/2020 |
| Top Posts |
|---|
Posted at 19/1/2025 16:53 by whilstev Aleman you are correct most Chinese companies only pay one dividend a year and most are in H2. The good news is they have been boosting dividends quite generously in the past year. I think I did read that many are looking to start paying dividends twice yearly in the future. |
Posted at 08/11/2024 07:50 by njb67 HFEL have historically "chased" dividends, timing their buys and sells to maximise dividend payments, but simultaneously incurring capital losses. The new fund manager was tasked with changing this approach and has been in control for just over a year iirc. The jury remains out on whether the approach has really changed, especially as the increasing dividend target remains a stated goal.Two potential watch outs for my perspective - the very high churn of stock and the schizopherenic relationship with Chinese holdings. These were out of favour when the new fund manager took over, but now as Aleman points out make up the majority of the income in the fund. Are HFEL still chasing dividends? I have a small holding here but it is under review. The results have likely bought it more time. |
Posted at 04/9/2024 08:24 by njb67 FordtinI take your point. I had implicitly assumed that the dividend growth would cover the top slicing of stock, albeit that is an important assumption. As someone whose portfolio will in the next few years provide my retirement income, I would not count on the full HFEL dividend when calculating my annual income. Perhaps no more than half, to bring it into line with others in the sector, and anything above this is then a bonus. |
Posted at 03/9/2024 09:37 by fordtin Mostly disagree. Those of us who rely on dividends as a part of our retirement income would have an ever diminishing income if we had to sell shares to subsidise a dividend cut.Slashing the dividend because woeful share price performance has artificially inflated the yield, results in a double whammy for anyone who has trusted the management and has ridden the storm through market down-turns. The current dividend yield for anyone holding shares for 5 years, is only ~7%. Slashing that ~7% would be a huge red flag pointing to extremely poor and untrustworthy management. I’ve unfortunately owned shares in several companies which have slashed their dividends. The inevitably poor share price performance post divi cut has taught me to take the loss and move on as soon as possible. If HFEL lose the trust of passive long-term investors, it’s unlikely they’ll ever trade at a premium again, as they’ll probably become just another traders’ plaything being churned over at a very large discount to NAV. |
Posted at 02/9/2024 09:58 by njb67 I tend to pay most interest in total share holder return as the underlying performance metric. (As an aside, I currently use NAV TSR rather than share price TSR as the share price discounts in the IT sector are distorting comparisons).IF HFEL consistently deliver 10%+ per annum total shareholder return, then I am agnostic whether they pay out the full amount as dividend or retain some of it to grow NAV (with one hopes an equivalent increase in the SP). So, as an example. with a 5% divi and 5% annual share price growth, I can choose to top slice some of my holding if I want to cash in the full 10% increase in shareholder value per annum. That becomes a personal investment choice. There are some ITs who pay out most of their income each year as dividends, so NAV growth is low. There are others who pay out nothing and have a faster NAV growth rate. As long as total returns meet your personal threshold, then imv that is more important than the dividend policy. HFEL have been poorly managed in recent years, chasing yield to the detriment of total returns. One year in from their reset, they are doing ok, a 10% NAV total shareholder return secures them a mid-table ranking in the Asia Pacific sector (17% is best performance). If HFEL can maintain double digit annual TSR over the medium to long term, then most of us should be happy. Time will tell. |
Posted at 02/9/2024 07:11 by njb67 The 12 month rolling NAV total return (increase in the underlying value of the company with dividends reinvested) is currently showing 10.3% versus the 10.6% dividend.The last twelve months NAV total return performance puts HEFL 4th out of 7 ITs in the sector, versus 6th over three years and 7th over five years. So trending in the right direction. HFEL is currently the only IT whose share price is at a premium to NAV, so while there is understandable scepticism over the dividend, it is not putting all investors off. One of my (small)holding which I am watching very closely to see if management deliver on their promise to improve total shareholder returns. I agree with others who have posted that reducing annual dividends to support NAV growth could be a sensible option, albeit my sense is that management will not want to lose their Dividend Hero status. |
Posted at 08/7/2024 10:52 by kenmitch zaco4I forgot that the next dividend should be another increase after the 4 at 6.1p, to keep up their long record of annual increases. There would be no point holding at the current 6.1p quarterly as that would break that long annual increase record. I.e no point just holding, So probably another token increase to be announced this week. Bearing in mind their comments about the dividend in their updates, a cut seems VERY unlikely. Also until recently the big dividend has been at the expense of capital gains with HFEL by far the worst performer in the sector. BUT new Manager and change of tactics, as they’ve explained in their updates, could mean much better performance ahead and capital gains as well as huge dividend. Already the share is well off the bottom at 242p compared with 198p low last October. Pleased I topped up then to average down and maximise dividend yield too. |
Posted at 24/4/2024 16:03 by kenmitch Thanks for the good wishes Hastings. Not well but hopefully getting there.Fair point about HFEL share price performance being enhanced by reduced discount. NAV is up around 10% from the low though, so definite hints of improvement. There are STILL so many shares and Investment Trusts paying huge and often sustainable dividends, reflecting the undervaluation of a lot of UK shares. E.g just today Serica surprised by paying a 14p final (7% just for that 1 dividend) and the overall dividend is 11.5% and higher than last year. Here’s a bit of info for those keen on seeing dividend cuts and more buybacks. Our portfolios have now reached the stage where all new investments can be paid for from the dividend income month after month. AND it means the portfolios now fund themselves too. And right now is still a good time to build a portfolio of shares and Trusts paying exceptionally high and sustainable dividends. It’s only when the dividends flow in like the current 10.4% HFEL yield, that we investors seem to realise what a bonus they are. |
Posted at 08/4/2024 13:12 by njb67 Within Asia Pacific, I mainly hold AAIF. Share price and NAV have beaten benchmark over 1, 3 and 5 years. Pays 5.7% yield and has increased dividend for last fifteen years.HFEL dividend is imv more a sign of poor management over recent years than a reflection on the health of the underlying business. HFEL appear to have chased annual dividend increases to the detriment of total share price and NAV return. Recent acknowledgment of this issue and a commitment to change approach have brought me back to HFEL. I have for now a small position and will wait and see if overall performance improves. I would prefer to see the dividend consistently fully covered by income, even if this means a reset of the dividend to something more sustainable. A 7% yield would still be sector leading. |
Posted at 17/1/2024 10:46 by 2sporrans While there is plenty of doom & gloom to be read wrt economic and investment situation in the Asia Pacific region, especially if China focused, i keep finding positive news in the mix.I realise that posting up on another fund's performance isn't quite what some here want to read but i hope the underpinning +ve message, one of robustly growing dividend payouts across Asia, is well received. "The total dividend for 2023 amounts to 11.75p, representing an increase of 17.5% compared to the previous year (2022: 10.00p), and the Board is pleased to note that this represents the fifteenth consecutive year of annual dividend increases and means that the Company continues to be a "next generation dividend hero" as recognised by the Association of Investment Companies. The dividend for the year equates to a dividend yield of 5.8% based on the closing share price of 201p on 12 January 2024 and is expected to be fully covered by earnings for the year ended 31 December 2023." I still keep a reduced holding in HFEL; building in AAIF the past 2 years. AAIF, with a greater focus on "Quality" companies, has a substantially better total return performance and the [fully covered] dividend growth is far faster. Also AAIF trades at 13% discount to NAV, HFEL 4 to 5% lately. The question remains with HFEL: How much of the very high - now ~12% - divi is paid out of fund income and how much from capital, or capital sacrifice? |
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