John Hancock Preferred Income Fund II (HPF) To Go Ex-Dividend on March 12th

John Hancock Preferred Income Fund II (NYSE:HPF) declared a monthly dividend on Monday, March 2nd. Stockholders of record on Thursday, March 12th will be given a dividend of 0.1235 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date is Thursday, March 12th.

John Hancock Preferred Income Fund II Trading Down 1.0%

Shares of NYSE HPF opened at $15.87 on Tuesday. The stock has a fifty day moving average of $16.12 and a 200-day moving average of $16.36. John Hancock Preferred Income Fund II has a fifty-two week low of $14.56 and a fifty-two week high of $17.13.

About John Hancock Preferred Income Fund II

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.