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

John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Monday, February 2nd. Shareholders of record on Thursday, February 12th will be given a dividend of 0.1235 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Thursday, February 12th.

John Hancock Preferred Income Fund Price Performance

HPI opened at $16.15 on Tuesday. The company’s 50 day simple moving average is $16.46 and its 200-day simple moving average is $16.62. John Hancock Preferred Income Fund has a one year low of $14.61 and a one year high of $17.78.

John Hancock Preferred Income Fund Company Profile

John Hancock Preferred Income Fund (NYSE: HPI) is a closed-end management investment company structured as a statutory trust under the Investment Company Act of 1940. The fund’s primary objective is to provide high current income with growth of capital as a secondary goal. It pursues this objective principally through investments in preferred securities, debt instruments and, to a lesser extent, equity securities.

The fund focuses on preferred stocks issued by U.S. and foreign issuers across a variety of industries, including financials, utilities and industrials.