Favorable News Coverage Somewhat Unlikely to Impact John Hancock Preferred Income Fund III (HPS) Share Price
News stories about John Hancock Preferred Income Fund III (NYSE:HPS) have been trending positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. John Hancock Preferred Income Fund III earned a daily sentiment score of 0.33 on Accern’s scale. Accern also gave news headlines about the company an impact score of 47.1226760545361 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of John Hancock Preferred Income Fund III (HPS) traded up 0.28% during midday trading on Monday, hitting $18.82. The company’s stock had a trading volume of 58,384 shares. John Hancock Preferred Income Fund III has a 1-year low of $16.25 and a 1-year high of $20.25. The company has a 50-day moving average price of $18.94 and a 200 day moving average price of $18.77.
The company also recently announced a monthly dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 11th were given a $0.1222 dividend. This represents a $1.47 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date of this dividend was Wednesday, August 9th.
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About John Hancock Preferred Income Fund III
John Hancock Preferred Income Fund III is a closed-end management investment company. The Fund seeks to provide a high level of current income consistent with preservation of capital. The Fund’s secondary investment objective is to provide growth of capital to the extent consistent with its primary objective.
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