John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Thursday, October 12th will be paid a dividend of 0.14 per share on Tuesday, October 31st. This represents a $1.68 annualized dividend and a dividend yield of 7.68%. The ex-dividend date of this dividend is Wednesday, October 11th.

Shares of John Hancock Preferred Income Fund (NYSE:HPI) traded down 0.55% during midday trading on Wednesday, hitting $21.76. 18,449 shares of the stock were exchanged. John Hancock Preferred Income Fund has a 52-week low of $18.91 and a 52-week high of $22.58. The firm’s 50 day moving average price is $21.68 and its 200-day moving average price is $21.78.

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About John Hancock Preferred Income Fund

John Hancock Preferred Income Fund is a closed-end, diversified management investment company. The Fund’s investment objective is to provide a high level of income consistent with preservation of capital, and to provide growth of capital. Normally, the Fund invests at least 80% of its assets (net assets plus borrowings for investment purposes) in preferred stocks and other preferred securities, including convertible preferred securities.

Dividend History for John Hancock Preferred Income Fund (NYSE:HPI)

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