John Hancock Preferred Income Fund III Announces Monthly Dividend of $0.11 (NYSE:HPS)

John Hancock Preferred Income Fund III (NYSE:HPS) declared a monthly dividend on Monday, August 3rd. Investors of record on Thursday, August 13th will be paid a dividend of 0.11 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend is Thursday, August 13th.

John Hancock Preferred Income Fund III Price Performance

Shares of NYSE:HPS opened at $14.27 on Tuesday. The business’s 50 day moving average is $14.41 and its 200 day moving average is $14.50. John Hancock Preferred Income Fund III has a 52-week low of $13.80 and a 52-week high of $15.68.

Hedge Funds Weigh In On John Hancock Preferred Income Fund III

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG raised its holdings in shares of John Hancock Preferred Income Fund III by 10.8% in the 3rd quarter. UBS Group AG now owns 1,141,593 shares of the company’s stock valued at $17,626,000 after purchasing an additional 111,560 shares in the last quarter. Invesco Ltd. boosted its stake in shares of John Hancock Preferred Income Fund III by 13.7% during the third quarter. Invesco Ltd. now owns 268,253 shares of the company’s stock valued at $4,142,000 after purchasing an additional 32,293 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of John Hancock Preferred Income Fund III during the first quarter valued at approximately $459,000. Readystate Asset Management LP purchased a new position in John Hancock Preferred Income Fund III during the fourth quarter valued at approximately $419,000. Finally, Balyasny Asset Management L.P. purchased a new position in John Hancock Preferred Income Fund III during the second quarter valued at approximately $395,000.

John Hancock Preferred Income Fund III Company Profile

John Hancock Preferred Income Fund III (NYSE:HPS) is a publicly traded, closed-end management investment company that seeks to provide a high level of current income. The fund offers investors access to a diversified portfolio of income-producing securities, with a primary focus on preferred stocks and similar instruments. As a closed-end fund, HPS issues a fixed number of shares that trade on the New York Stock Exchange, allowing investors to participate in its income strategy through the open market.

The fund pursues its objective by investing primarily in preferred securities of U.S.