John Hancock Preferred Income Fund (HPI) to Issue Monthly Dividend of $0.14 on December 31st
John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Tuesday, December 4th, Wall Street Journal reports. Stockholders of record on Thursday, December 13th will be given a dividend of 0.14 per share on Monday, December 31st. This represents a $1.68 annualized dividend and a dividend yield of 8.20%. The ex-dividend date is Wednesday, December 12th.
John Hancock Preferred Income Fund has decreased its dividend payment by an average of 2.6% annually over the last three years.
John Hancock Preferred Income Fund stock opened at $20.49 on Friday. John Hancock Preferred Income Fund has a 12 month low of $19.73 and a 12 month high of $22.85.
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John Hancock Preferred Income Fund is a closed ended balanced mutual fund launched and managed by John Hancock Advisers, LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.
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