Henderson European Trust (LON:HET) Trading Up 0.5% – Still a Buy?

Henderson European Trust plc (LON:HET) shares shot up 0.5% on Tuesday . The stock traded as high as GBX 184.50 ($2.30) and last traded at GBX 183.50 ($2.29). 600,652 shares were traded during mid-day trading, an increase of 29% from the average session volume of 464,205 shares. The stock had previously closed at GBX 182.50 ($2.28).

Henderson European Trust Price Performance

The firm has a market cap of £608.50 million, a PE ratio of 539.71 and a beta of 0.87. The firm has a fifty day moving average of GBX 176.91.

Henderson European Trust (LON:HET) last issued its earnings results on Thursday, December 12th. The company reported GBX 4.43 ($0.06) earnings per share for the quarter. Henderson European Trust had a return on equity of 17.54% and a net margin of 95.15%.

Henderson European Trust Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, January 2nd were paid a dividend of GBX 1.30 ($0.02) per share. The ex-dividend date was Thursday, January 2nd. This represents a dividend yield of 0.73%. Henderson European Trust’s dividend payout ratio (DPR) is presently 1,764.71%.

About Henderson European Trust

Henderson European Focus Trust plc is a closed-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 public equity markets of Continental Europe. It seeks to invest in stocks of companies operating across diversified sectors.