John Hancock Preferred Income Fund (NYSE:HPI – Get Free Report) declared a monthly dividend on Monday, March 2nd. Investors of record on Thursday, March 12th will be paid a dividend of 0.1235 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend is Thursday, March 12th.
John Hancock Preferred Income Fund Stock Up 0.4%
HPI stock traded up $0.06 during midday trading on Wednesday, hitting $16.27. The company’s stock had a trading volume of 6,944 shares, compared to its average volume of 61,388. John Hancock Preferred Income Fund has a twelve month low of $14.61 and a twelve month high of $17.61. The company’s fifty day moving average price is $16.24 and its 200 day moving average price is $16.66.
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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