John Hancock Preferred Income Fund (NYSE:HPI – Get Free Report) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 13th will be given a dividend of $0.1235 per share on Friday, October 30th. This represents a $1.48 annualized dividend and a dividend yield of 10.7%. The ex-dividend date is Tuesday, October 13th.
John Hancock Preferred Income Fund Trading Down 0.6%
Shares of NYSE HPI opened at $13.91 on Friday. The business’s 50 day moving average is $15.49 and its 200-day moving average is $15.84. John Hancock Preferred Income Fund has a 1-year low of $13.70 and a 1-year high of $17.61.
Institutional Investors Weigh In On John Hancock Preferred Income Fund
Institutional investors have recently modified their holdings of the business. Compass Financial Management LLC bought a new position in John Hancock Preferred Income Fund during the second quarter worth about $106,000. Readystate Asset Management LP bought a new stake in John Hancock Preferred Income Fund in the 1st quarter valued at about $203,000. Norris Financial Group LLC acquired a new position in shares of John Hancock Preferred Income Fund during the 1st quarter worth approximately $323,000. Cetera Investment Advisers grew its position in shares of John Hancock Preferred Income Fund by 2.7% during the 1st quarter. Cetera Investment Advisers now owns 46,039 shares of the company’s stock worth $722,000 after purchasing an additional 1,227 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its position in shares of John Hancock Preferred Income Fund by 2.3% during the 1st quarter. Kestra Advisory Services LLC now owns 87,939 shares of the company’s stock worth $1,380,000 after purchasing an additional 2,011 shares in the last quarter.
John Hancock Preferred Income Fund Company Profile
John Hancock Preferred Income Fund (NYSE: HPI) is a closed-end investment company that seeks to provide investors with a high level of current income, consistent with the preservation of capital. The fund is designed for investors seeking exposure to the preferred securities market through a professionally managed portfolio.
The fund invests primarily in preferred stocks and other preferred securities issued by companies in a range of industries. Its portfolio may also include convertible preferred securities, subordinated debt and other income-producing securities.
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