Report

Henderson International Income Trust - Inflation-beating dividend growth

Henderson International Income Trust (HINT) has succeeded in achieving its dual objectives of capital gains and a high and growing dividend. It has delivered an average annualised total return of 11.3% on an NAV basis over the 10 years to end May 2022, although its focus on income diversification (see chart below) and value means that performance has lagged the index return of 11.6% over this period. At the same time, dividend payments have increased at an average, inflation-beating rate of 5% per annum since inception. An enhanced dividend policy, announced in October 2021, is expected to see the annual dividend increase by at least 14.3% for the current financial year to end August 2022. This represents a prospective yield of 4.1%.
Underlying
Henderson International Income Trust

Henderson International Income Trust is an investment trust company. Co. has appointed Henderson Investment Funds Limited to act as its Alternative Investment Fund Manager. As of Aug 31 2017, Co. had total investment portfolio of £284.9 million.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Pedro Fonseca

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