John Hancock Preferred Income Fund II Plans Monthly Dividend of $0.12 (NYSE:HPF)

John Hancock Preferred Income Fund II (NYSE:HPF) announced a monthly dividend on Monday, August 3rd. Investors of record on Thursday, August 13th will be paid a dividend of 0.1235 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 II Stock Performance

NYSE:HPF opened at $15.87 on Tuesday. John Hancock Preferred Income Fund II has a fifty-two week low of $15.06 and a fifty-two week high of $17.13. The firm has a 50-day simple moving average of $15.89 and a two-hundred day simple moving average of $15.91.

Institutional Investors Weigh In On John Hancock Preferred Income Fund II

A number of institutional investors have recently made changes to their positions in the company. Guggenheim Capital LLC lifted its stake in John Hancock Preferred Income Fund II by 73.1% during the 4th quarter. Guggenheim Capital LLC now owns 243,009 shares of the company’s stock valued at $3,905,000 after acquiring an additional 102,627 shares during the period. UBS Group AG boosted its holdings in shares of John Hancock Preferred Income Fund II by 8.2% during the 3rd quarter. UBS Group AG now owns 339,995 shares of the company’s stock valued at $5,729,000 after acquiring an additional 25,779 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of John Hancock Preferred Income Fund II by 57.5% in the fourth quarter. Kestra Advisory Services LLC now owns 66,744 shares of the company’s stock worth $1,073,000 after acquiring an additional 24,354 shares during the period. Invesco Ltd. grew its stake in shares of John Hancock Preferred Income Fund II by 14.8% in the third quarter. Invesco Ltd. now owns 182,941 shares of the company’s stock worth $3,083,000 after acquiring an additional 23,622 shares during the period. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of John Hancock Preferred Income Fund II during the fourth quarter valued at approximately $322,000.

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.