John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Shareholders of record on Monday, August 12th will be paid a dividend of 0.14 per share on Friday, August 30th. This represents a $1.68 annualized dividend and a yield of 7.30%. The ex-dividend date is Friday, August 9th.
John Hancock Preferred Income Fund has increased its dividend payment by an average of 2.9% per year over the last three years.
HPI traded down $0.25 during midday trading on Wednesday, hitting $23.01. The stock had a trading volume of 22,363 shares, compared to its average volume of 70,026. The company’s fifty day moving average is $23.62. John Hancock Preferred Income Fund has a 1 year low of $17.02 and a 1 year high of $24.44.
John Hancock Preferred Income Fund is a closed ended balanced mutual fund launched and managed by John Hancock Advisers, LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.
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