John Hancock Preferred Income Fund II (NYSE:HPF – Get Free Report) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Monday, July 13th will be paid a dividend of 0.1235 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend is Monday, July 13th.
John Hancock Preferred Income Fund II Price Performance
John Hancock Preferred Income Fund II stock opened at $15.95 on Thursday. The firm has a 50 day moving average of $15.91 and a 200 day moving average of $15.94. John Hancock Preferred Income Fund II has a 12-month low of $15.06 and a 12-month high of $17.13.
Institutional Trading of John Hancock Preferred Income Fund II
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC bought a new stake in John Hancock Preferred Income Fund II in the 1st quarter worth approximately $66,000. Jane Street Group LLC purchased a new position in shares of John Hancock Preferred Income Fund II during the 4th quarter worth about $180,000. NewEdge Advisors LLC grew its stake in shares of John Hancock Preferred Income Fund II by 4.0% during the second quarter. NewEdge Advisors LLC now owns 20,178 shares of the company’s stock valued at $319,000 after buying an additional 770 shares during the last quarter. Kestra Private Wealth Services LLC bought a new position in John Hancock Preferred Income Fund II in the 4th quarter valued at $322,000. Finally, Raymond James Financial Inc. grew its holdings in shares of John Hancock Preferred Income Fund II by 6.7% in the second quarter. Raymond James Financial Inc. now owns 20,762 shares of the company’s stock worth $328,000 after purchasing an additional 1,299 shares during the last quarter.
John Hancock Preferred Income Fund II Company Profile
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.
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