John Hancock Preferred Income Fund III (NYSE:HPS – Get Free Report) declared a monthly dividend on Monday, November 2nd. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.11 per share on Monday, November 30th. This represents a $1.32 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date of this dividend is Thursday, November 12th.
John Hancock Preferred Income Fund III Trading Up 1.9%
HPS stock opened at $11.99 on Tuesday. The firm has a 50 day moving average of $12.29 and a 200-day moving average of $13.91. John Hancock Preferred Income Fund III has a 12-month low of $11.39 and a 12-month high of $15.54.
John Hancock Preferred Income Fund III Company Profile
John Hancock Preferred Income Fund III is a closed-end investment company listed on the New York Stock Exchange under the ticker symbol HPS. The fund seeks to provide shareholders with a high level of current income by investing primarily in preferred securities and other income-producing investments.
The fund’s portfolio may include preferred stocks, corporate debt securities and other fixed-income instruments issued by companies in a range of industries. Preferred securities generally have characteristics of both stocks and bonds, providing income while ranking ahead of common equity in a company’s capital structure but behind its debt obligations.
John Hancock Preferred Income Fund III is managed by John Hancock Investment Management, an asset-management business of Manulife Investment Management.
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