Henderson High Income - A taste of more to come

25^th August 2021

Sticking to its guns

The UK market has been making somewhat of a comeback since the start of 2021, after years of uncertainty, volatility and being outright unloved. As we show on page 10, Henderson High Income (HHI) has been a beneficiary of the recovery in the UK's fortunes, outperforming its performance benchmark and putting its NAV ahead of comparable indices over all time periods. Investment manager David Smith is positive about UK equity markets going forward and believes there is plenty more upside to come in the form of economic recovery following the COVID-19 pandemic, merger and acquisition (M&A) activity and improving dividends. The trust currently offers an attractive dividend yield of 5.60%.

High income from a diverse UK equity income portfolio

HHI invests in a prudently diversified selection of both well-known and smaller companies to provide investors with a high income stream while also maintaining the prospect of capital growth. Gearing is used to enhance income returns, and also to achieve capital growth over time. A portion of gearing is usually invested in fixed interest securities, which helps dampen the overall volatility of the trust.

Full research:

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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 FCA. Marten & Co is not permitted to provide investment advice to individual investors.

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