John Hancock Preferred Income Fund II (NYSE:HPF – Get Free Report) announced a monthly dividend on Friday, May 1st. Shareholders of record on Monday, May 11th will be given a dividend of 0.1235 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Monday, May 11th.
John Hancock Preferred Income Fund II Stock Performance
Shares of John Hancock Preferred Income Fund II stock opened at $16.26 on Friday. The company’s fifty day simple moving average is $15.80 and its 200-day simple moving average is $16.10. John Hancock Preferred Income Fund II has a 1 year low of $15.06 and a 1 year high of $17.13.
Institutional Trading of John Hancock Preferred Income Fund II
Institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its stake in shares of John Hancock Preferred Income Fund II by 31.3% in the first quarter. Royal Bank of Canada now owns 31,237 shares of the company’s stock valued at $519,000 after purchasing an additional 7,449 shares in the last quarter. Invesco Ltd. increased its holdings in John Hancock Preferred Income Fund II by 5.0% in the 2nd quarter. Invesco Ltd. now owns 159,319 shares of the company’s stock valued at $2,519,000 after buying an additional 7,579 shares during the period. Guggenheim Capital LLC bought a new position in shares of John Hancock Preferred Income Fund II during the 2nd quarter worth about $687,000. NewEdge Advisors LLC raised its position in John Hancock Preferred Income Fund II by 4.0% in the second quarter. NewEdge Advisors LLC now owns 20,178 shares of the company’s stock worth $319,000 after purchasing an additional 770 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in John Hancock Preferred Income Fund II by 6.7% during the second quarter. Raymond James Financial Inc. now owns 20,762 shares of the company’s stock valued at $328,000 after purchasing an additional 1,299 shares in the last quarter.
John Hancock Preferred Income Fund II Company Profile
John Hancock Preferred Income Fund II (NYSE: HPF) is a closed-end management investment company that seeks to provide a high level of current income, with a secondary objective of capital appreciation. Listed on the New York Stock Exchange, the fund primarily invests in preferred securities issued by U.S. and, to a lesser extent, international issuers. Its diversified portfolio may include investment-grade and below-investment-grade preferred stocks, corporate debt securities, convertible securities and, when deemed appropriate, common equity.
Launched in June 2006, HPF employs leverage through preferred share borrowings and other forms of financing to enhance income potential.
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