John Hancock Preferred Income Fund to Issue Monthly Dividend of $0.12 (NYSE:HPI)

John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.1235 per share on Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a yield of 8.77%. The ex-dividend date of this dividend is Thursday, March 13th.

John Hancock Preferred Income Fund Stock Performance

Shares of John Hancock Preferred Income Fund stock traded down $0.17 on Tuesday, reaching $16.90. 74,122 shares of the company were exchanged, compared to its average volume of 43,601. The stock’s 50 day moving average price is $17.10 and its 200-day moving average price is $17.58. John Hancock Preferred Income Fund has a 1-year low of $15.26 and a 1-year high of $19.43.

John Hancock Preferred Income Fund Company Profile

John Hancock Preferred Income Fund is a closed ended balanced mutual fund launched and managed by John Hancock Investment Management 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.