John Hancock Preferred Income Fund (NYSE:HPI – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Monday, July 13th will be paid a dividend of 0.1235 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Monday, July 13th.
John Hancock Preferred Income Fund Price Performance
John Hancock Preferred Income Fund stock opened at $16.29 on Thursday. John Hancock Preferred Income Fund has a 52 week low of $15.26 and a 52 week high of $17.61. The company’s 50-day moving average price is $16.11 and its two-hundred day moving average price is $16.12.
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.
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