John Hancock Preferred Income Fund II (HPF) to Issue Monthly Dividend of $0.12 on March 31st

John Hancock Preferred Income Fund II (NYSE:HPF) declared a monthly dividend on Monday, March 2nd. Stockholders of record on Thursday, March 12th will be given a dividend of 0.1235 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date is Thursday, March 12th.

John Hancock Preferred Income Fund II Stock Performance

Shares of NYSE HPF remained flat at $16.16 during trading hours on Wednesday. The company had a trading volume of 2,267 shares, compared to its average volume of 37,265. The firm has a fifty day moving average of $16.13 and a 200-day moving average of $16.36. John Hancock Preferred Income Fund II has a fifty-two week low of $14.56 and a fifty-two week high of $17.13.

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.