26th Jun 2020 18:27
Henderson Far East Income Ltd - investment trust - Defended its decision to pay a third interim dividend of 5.80 pence, up from the second interim payout of 5.70p. While the Covid-19 outbreak has hurt the economies of most countries and has presented uncertainty, Henderson Far East Income believes the pandemic does not change "the structural growth story" for Asian dividends. It added it expects the positive trajectory will resume once the virus has been contained. Looking ahead, Henderson Far East Income said it anticipates a recovery of dividends in the Asia Pacific region but is ready to use its revenue reserves should the need arise.
Current stock price: 325.00p
Year-to-date change: down 11%
By Ife Taiwo; [email protected]
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