Update research from QuotedData

RNS Number : 4921K

Henderson High Income Trust PLC

21 December 2022

 

Henderson High Income Group - Update research from QuotedData

21^st December 2022

Does what it says on the tin

Whilst 2022 has been a harrowing year for many trusts, Henderson High Income Trust (HHI) has generated a positive 12-month NAV return and still offers an attractive dividend yield, one of the highest amongst its peers.

Its investment manager David Smith remains quietly confident about the medium-term prospects for the UK, believing that the country will experience a mild recession, and has begun to rotate HHI's portfolio into economically cyclical companies, where valuations are particularly attractive.

While, relative to the UK equity market, HHI has had an underweight exposure to the energy majors which have driven the returns of UK indices, it has been well-positioned in consumer staples and other defensive companies, which have held up remarkably well over 2022.

HHI's share price has also held up relative to its net asset value (NAV), having traded close to asset value throughout the year. In addition, HHI has now built up a record of 10 consecutive years of dividend growth, making it - in the eyes of the AIC - a next generation dividend hero.

Full research:

https://quoteddata.com/research/henderson-high-income-tin-qd/

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NB: Marten & Co was paid to produce this note on Henderson High Income Trust Plc and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

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