Edison issues update on Henderson Far East Income

RNS Number : 5965T

Henderson Far East Income Limited

25 July 2022

 

London, UK, 25 July 2022

Edison issues update on Henderson Far East Income (HFEL)

Henderson Far East Income's (HFEL) board recently announced that the quarterly dividend has been increased from 5.9p to 6p per share, broadly in line with the last increase. While the increase is modest, it is in the context that the board seeks sustainability in distributions and that HFEL is yielding 8.6%, a substantial premium to peers and the index. Despite the latest modest increase, since launch in 2006 to the end of December 2021 HFEL's dividend has grown at an annual compound rate of 5.8% versus 3.4% for the benchmark.

HFEL stands out in the AIC Asia Pacific Equity Income sector for its high level of dividend. At more than 8%, the rate of growth in the dividend has understandably slowed compared with historical growth. Aside from news on the dividend, we discuss changes that the managers Kerley and Sat Duhra have made in terms of geographic and sector weightings in the volatile markets seen throughout 2022.

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