John Hancock Preferred Income Fund III (NYSE:HPS) Shareholders to Receive $0.11 Monthly Dividend

John Hancock Preferred Income Fund III (NYSE:HPS – Get Free Report) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Tuesday, October 13th will be given a dividend of $0.11 per share on Friday, October 30th. This represents a $1.32 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date of this dividend is Tuesday, October 13th.

John Hancock Preferred Income Fund III Stock Performance

Shares of NYSE HPS opened at $11.99 on Friday. John Hancock Preferred Income Fund III has a fifty-two week low of $11.76 and a fifty-two week high of $15.68. The company’s 50 day simple moving average is $13.58 and its 200 day simple moving average is $14.14.

About John Hancock Preferred Income Fund III

(Get Free Report)

John Hancock Preferred Income Fund III is a publicly traded closed-end fund listed on the New York Stock Exchange under the symbol HPS. The fund is managed by John Hancock Investment Management, an asset-management business of Manulife Investment Management.

The fund’s primary objective is to provide a high level of current income. It invests mainly in preferred securities issued by companies in the financial, utility, telecommunications and other industries, while also investing in other income-producing securities when appropriate.

Further Reading

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

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