Henderson International Income Trust (LSE: HINT)

Currency in GBP

Last close As at 06/02/2023

GBP1.82

−1.00 (−0.55%)

Market capitalisation

GBP358m

Henderson International Income Trust (HINT) seeks to provide shareholders with a growing total annual dividend, as well as capital appreciation, by investing in a focused and internationally diversified portfolio of c 70 stocks that are either listed in, or whose principal business is in, countries outside the UK. The portfolio is diversified by geography, industry and investment size. In April 2022, HINT adopted the MSCI ACWI (ex UK) High Dividend Yield Index as its new benchmark.

Equity Analyst

Victoria Chernykh

Victoria Chernykh

Director, Investment Trusts

Key Management

  • Ben Lofthouse

    Fund manager

  • Dan Howe

    Head of investment trusts, Janus Henderson

  • Simon Jeffreys

    Chairman

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 2.5 9.3 4.5
Relative (2.9) (0.7) 3.4
52 week high/low 183.5p/150.0p

Overview

Henderson International Income Trust (HINT) has succeeded in achieving its dual objectives of capital gains and a high and growing dividend. Annualised NAV total return (TR) of 9.4% over the 10 years to end November 2022 is complemented by an average, inflation-beating rate of 5% per year since inception, representing a 4.2% dividend yield. HINT’s focus on income and geographic diversification (see Edison’s January 2022 report for details) and value means that performance has lagged the benchmark 10-year annualised TR of 10.9%. The market weakness of the past 12 months allowed the manager, Ben Lofthouse, to invest in what he perceives as well managed, resilient businesses at more attractive valuation levels. He is hopeful that these prudent investments will result in strong capital growth and healthy dividends, supporting HINT’s solid TR.

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