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

John Hancock Preferred Income Fund (NYSE:HPIGet Free Report) declared a monthly dividend on Monday, April 1st, investing.com reports. Shareholders of record on Thursday, April 11th will be paid a dividend of 0.1235 per share on Tuesday, April 30th. This represents a $1.48 dividend on an annualized basis and a yield of 8.98%. The ex-dividend date of this dividend is Wednesday, April 10th.

John Hancock Preferred Income Fund Stock Down 0.1 %

Shares of John Hancock Preferred Income Fund stock opened at $16.51 on Wednesday. The business’s 50 day simple moving average is $16.26 and its two-hundred day simple moving average is $15.27. John Hancock Preferred Income Fund has a one year low of $12.85 and a one year high of $16.89.

Hedge Funds Weigh In On John Hancock Preferred Income Fund

Hedge funds have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. increased its stake in shares of John Hancock Preferred Income Fund by 8.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,925 shares of the company’s stock valued at $415,000 after buying an additional 1,914 shares during the period. Bank of America Corp DE increased its stake in shares of John Hancock Preferred Income Fund by 12.6% during the first quarter. Bank of America Corp DE now owns 24,931 shares of the company’s stock valued at $399,000 after buying an additional 2,791 shares during the period. Baird Financial Group Inc. increased its stake in shares of John Hancock Preferred Income Fund by 7.4% during the third quarter. Baird Financial Group Inc. now owns 24,854 shares of the company’s stock valued at $398,000 after buying an additional 1,713 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of John Hancock Preferred Income Fund by 15.5% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 23,155 shares of the company’s stock valued at $375,000 after buying an additional 3,106 shares during the period. Finally, Mariner LLC increased its stake in shares of John Hancock Preferred Income Fund by 8.9% during the fourth quarter. Mariner LLC now owns 18,820 shares of the company’s stock valued at $302,000 after buying an additional 1,540 shares during the period.

John Hancock Preferred Income Fund Company Profile

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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.

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Dividend History for John Hancock Preferred Income Fund (NYSE:HPI)

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