John Hancock Preferred Income Fund III (HPS) To Go Ex-Dividend on July 13th

John Hancock Preferred Income Fund III (NYSE:HPS) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Monday, July 13th will be given a dividend of 0.11 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend is Monday, July 13th.

John Hancock Preferred Income Fund III Stock Performance

HPS opened at $14.52 on Friday. John Hancock Preferred Income Fund III has a 1 year low of $13.80 and a 1 year high of $15.68. The stock’s 50 day simple moving average is $14.51 and its 200 day simple moving average is $14.51.

Hedge Funds Weigh In On John Hancock Preferred Income Fund III

Hedge funds have recently made changes to their positions in the business. UBS Group AG increased its stake in shares of John Hancock Preferred Income Fund III by 10.8% in the 3rd quarter. UBS Group AG now owns 1,141,593 shares of the company’s stock worth $17,626,000 after acquiring an additional 111,560 shares in the last quarter. Invesco Ltd. lifted its position in shares of John Hancock Preferred Income Fund III by 13.7% in the third quarter. Invesco Ltd. now owns 268,253 shares of the company’s stock valued at $4,142,000 after acquiring an additional 32,293 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of John Hancock Preferred Income Fund III during the first quarter valued at about $459,000. Readystate Asset Management LP bought a new stake in shares of John Hancock Preferred Income Fund III in the 4th quarter worth about $419,000. Finally, Balyasny Asset Management L.P. bought a new position in John Hancock Preferred Income Fund III during the 2nd quarter valued at about $395,000.

John Hancock Preferred Income Fund III Company Profile

John Hancock Preferred Income Fund III (NYSE:HPS) is a publicly traded, closed-end management investment company that seeks to provide a high level of current income. The fund offers investors access to a diversified portfolio of income-producing securities, with a primary focus on preferred stocks and similar instruments. As a closed-end fund, HPS issues a fixed number of shares that trade on the New York Stock Exchange, allowing investors to participate in its income strategy through the open market.

The fund pursues its objective by investing primarily in preferred securities of U.S.