John Hancock Preferred Income Fund II (NYSE:HPF – Get Free Report) declared a monthly dividend on Monday, November 2nd. Investors of record on Thursday, November 12th will be given a dividend of $0.1235 per share on Monday, November 30th. This represents a $1.48 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date of this dividend is Thursday, November 12th.
John Hancock Preferred Income Fund II Trading Up 0.3%
NYSE:HPF opened at $12.90 on Tuesday. John Hancock Preferred Income Fund II has a one year low of $12.67 and a one year high of $16.83. The stock has a 50-day simple moving average of $13.97 and a 200 day simple moving average of $15.42.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC bought a new stake in shares of John Hancock Preferred Income Fund II in the 3rd quarter valued at approximately $352,000. Ameritas Advisory Services LLC acquired a new stake in shares of John Hancock Preferred Income Fund II during the 2nd quarter valued at approximately $384,000. Arlington Capital Management Inc. bought a new position in John Hancock Preferred Income Fund II during the second quarter worth $255,000. Western Wealth Management LLC bought a new position in John Hancock Preferred Income Fund II during the first quarter worth $66,000. Finally, William Mack & Associates Inc. bought a new position in John Hancock Preferred Income Fund II during the third quarter worth $53,000.
John Hancock Preferred Income Fund II Company Profile
John Hancock Preferred Income Fund II (NYSE: HPF) is a closed-end investment fund managed by John Hancock Investment Management, an affiliate of Manulife Investment Management. The fund seeks to provide investors with a high level of current income by investing primarily in preferred securities and other income-producing investments.
Its portfolio may include preferred stocks, corporate debt securities and other fixed-income instruments issued by companies in a range of industries. The fund can invest in securities issued by companies in the United States and other countries, giving it exposure to domestic and international income-producing markets.
As a closed-end fund, HPF’s shares trade on the New York Stock Exchange, while the portfolio is managed by the investment professionals of John Hancock Investment Management.
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