Share Name Share Symbol Market Type Share ISIN Share Description
Henderson High Income Trust Plc LSE:HHI London Ordinary Share GB0009580571 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 0.28% 176.00 192,511 16:35:28
Bid Price Offer Price High Price Low Price Open Price
174.50 177.00 178.00 177.00 178.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 15.05 13.68 10.59 16.6 197
Last Trade Time Trade Type Trade Size Trade Price Currency
16:40:46 O 50,000 176.00 GBX

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24/5/202118:32Henderson High Income Trust plc84

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Henderson High Income (HHI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-24 15:40:47176.0050,00088,000.00O
2021-06-24 15:29:50177.0047.08AT
2021-06-24 13:24:39175.0011,96720,942.25O
2021-06-24 13:04:13176.0022,25039,160.00O
2021-06-24 12:52:46176.0050,00088,000.00O
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Henderson High Income Daily Update: Henderson High Income Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker HHI. The last closing price for Henderson High Income was 175.50p.
Henderson High Income Trust Plc has a 4 week average price of 172p and a 12 week average price of 162p.
The 1 year high share price is 183.50p while the 1 year low share price is currently 121.50p.
There are currently 111,942,365 shares in issue and the average daily traded volume is 98,825 shares. The market capitalisation of Henderson High Income Trust Plc is £197,018,562.40.
speedsgh: Dividend Declaration - HTTPS:// Henderson High Income Trust plc announces that a second interim dividend of 2.475p per ordinary share of 5p, in respect of the year ending 31 December 2021, will be paid on 30 July 2021 to holders registered at the close of business on 18 June 2021. This dividend is to be paid from the Company's revenue account. The Company's shares will go ex-dividend on 17 June 2021.
north sea boy: From the Annual Report released yesterday: "The Company is in the fortunate position of being structured as an investment trust and, as such, has the ability to add surplus income to its revenue reserves in the good years and to draw on these reserves to smooth its dividend payments in the more difficult years. 2020 was an extreme example of a difficult year. Unsurprisingly, COVID-19 has impacted the level of dividends received from the Company's portfolio companies in 2020, but as explained earlier, not by as much as the overall market. The Company has needed to draw only GBP1.7 million from its revenue reserves to contribute to its full year dividend of 9.90p per share. The Company had been building up its revenue reserves in each of the last nine years. At the end of 2019 revenue reserves exceeded GBP10 million, representing nearly 10 months' worth of dividend cover. Having utilised a small portion of these reserves to contribute to the dividend shortfall in 2020, we retained a very healthy balance of almost GBP9 million, well over 8 months' worth of dividend cover at the end of the year. During the course of the year we have been monitoring the level and sustainability of dividends received from our portfolio companies. David has run frequent stress tests of the Company's revenue account under different scenarios looking several years ahead. Although the outlook for dividends is gradually improving, it is clear that it will take time for income to return to the levels enjoyed in 2019 and we anticipate a continued shortfall this year. Nonetheless, David's medium-term forecasts and the relative robustness of the Company's current reserves gives the Board reassurance that, barring unforeseen circumstances, the Company's dividend can be maintained at the current level, utilising revenue reserves where necessary. It remains, therefore, our intention to continue to pay at least the current level of dividend for the foreseeable future. As we emerge from COVID-19, the Board's ambition remains to increase the Company's dividend gradually, but it will be subject to investment conditions at the time and whether we determine such an increase to be sustainable in the future." On this basis, I have taken the personal assumption (IMHO) that the dividend will be at least maintained at current levels for next 12 months, which again in my view, is very satisfactory.. NSB
speedsgh: Doubtless further guidance will be given on the dividend going forward when they publish annual results in the near future (last year published on 16 April). My own view FWIW is that maintaining the first interim dividend at the same level as recent quarterly payments should not be viewed as confirmation that they continue to pay out at the same level going forwards. This was from the Interim Results released in Sept 2020... "The first interim dividend of 2.475p per share was paid on 24 April 2020 and the second interim dividend for the same amount was paid on 31 July 2020. At the time that the second interim dividend was announced the Board recorded its current intention to use its revenue reserves where necessary to maintain the quarterly dividend of 2.475p per share for the remainder of this financial year. This continues to be our intention. The Company's revenue stream this year has, of course, been adversely impacted by the recent dividend suspensions, deferrals and cuts by its investee companies. So far 24% of the Company's portfolio have made such announcements. However, the Company is in the fortunate position of being able to draw on revenue reserves which have been deliberately built up over the past 9 years for future "rainy days" and frankly it has been pouring this year! A third interim dividend of 2.475p per share was therefore announced on 23 July 2020, to be paid on 30 October 2020, and the Board currently anticipates a fourth interim dividend for the year at the same level, providing a total dividend for the year of 9.90p per share representing a 1.0% increase over the previous year. It is difficult in these uncertain conditions to forecast the Company's revenues with much accuracy for the years ahead. David Smith, the Fund Manager, runs frequent stress testing of the company's revenue account under different scenarios and this gives the Board reassurance of the relative robustness of the company's revenue reserves in the medium term. As the timing and the level of investee companies' dividends become clearer in the future, we will be able to provide further guidance on the Company's dividend."
aleman: 23 March 2021 HENDERSON HIGH INCOME TRUST PLC PAYMENT OF FIRST INTERIM DIVIDEND Henderson High Income Trust plc announces that a first interim dividend of 2.475p per ordinary share of 5p, in respect of the year ending 31 December 2021, will be paid on 30 April 2021 to holders registered at the close of business on 6 April 2021. This dividend is to be paid from the Company's revenue account. The Company's shares will go ex-dividend on 1 April 2021.
speedsgh: Dividend Declaration - HTTPS:// Henderson High Income Trust plc announces that a fourth interim dividend of 2.475p per ordinary share of 5p, in respect of the year ending 31 December 2020, will be paid on 29 January 2021 to holders registered at the close of business on 11 December 2020. This dividend is to be paid from the Company's revenue account. The Company's shares will go ex-dividend on 10 December 2020.
superiorshares: mbu69. . why on earth would you leave out the Capital destruction ? What is your holding value today ? I see your thousand at £ 3.65. At some point I will put into HHI . There will be a dividend cut first. looking at both HHI and MRCH there share prices are at the same price today that they were Ten Years ago . MRCH lower than ten years ago . Not Good !
superiorshares: Zac)_4 I have had another look at the charts . I am not a big chart fan . Have you looked at the Chart and taken the Lowest point over the Last 5 years and said I put my 10,000 pound in then ?. Now with your calculation on the dividends purchasing 137 shares a year , To do that you would have to have the same share price . The reality on MRCH and HHI for that matter anyone who has purchased shares over the Last 4 years has lost an absolute fortune . The chances of anyone putting in lump sums at Low points is Zero . You get Financial big boys that do it. But I think they are in the Know ?. What Funds and Trust do and the financial advisers that sell them. They pick a low point over the last 20 years and then calculate your enormous returns you would get today . As I said before you will meet many a Horse Gambler who will tell you after a Race has been run , They put a £ 1000 pound on the horse that won at 33/1. You will never meet one that will tell you they are going to put a £1000 pound on The horse that is running Tomorrow and it is 33/1
zac0_4: Hi SS - I've relooked at my calculation. Obviously, it changes almost daily. I've recalculated using 27th Sept as the date from which share price is taken on an annual basis. A £10,000 investment in MRCH on 27th Sept 2015 would have bought you 2,421 shares. On 27th Sept 2016 you could have bought a further 137 shares with the annual dividend of £581. At that point you now have 2,558 shares. If you repeat the exercise up until 27th Sept 2020 you end up with 3,206 shares. At £3.36 per share that equates to £10,772. I think my maths is correct!
north sea boy: Superiorshares. Wouldn't argue much against what you have said. All things will be driven by the duration of the economic impact, and the pace and strength of any economic recovery - if indeed there is any recovery of significance. I note again with concern the further significant drop in price for HHI today. However, the function of Investment Trusts is to flatten and minimise these impacts, and they all will by using their reserves where they need to - these revenue reserves do belong to the shareholders and not the trust itself; they can only be used to supplement temporarily depressed dividend inflows, and for no other purpose whatsoever. Having said that, they are not inexhaustible, and will need to be used carefully, and over limited periods of time. I would not support the reserves being used to increase a dividend for vanity sake, but I might be happy for them to support a maintained dividend for say, 1 or 2 quarters. If things are worse than that, and I suspect that we both agree that they WILL be, then it would be more appropriate for a drawdown of say 10-15% of reserves each year to supplement a still reduced dividend for 4-5 years until they are then exhausted. I guess though that the Investment Trusts Boards do not have a finite plan for that though, as things have never been that bad without the dividend being cut as you suggest. But of course those are just my thoughts as a private investor, and ultimately the logic of the IT Boards can and will be different to mine. Best wishes to all in these difficult times though. NSB
north sea boy: Much higher volume of trades than average today: 535K versus 122K? big price spike down around 10.30 or so; would this be a single very large sell? Not seen any specific adverse news regarding HHI, so this would appear unusual? Any thoughts on this anyone, had just been about to add to my already overweight holding in HHI, but have kept myself in check for now. Best wishes, NSB
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