John Hancock Preferred Income Fund III (NYSE:HPS – Get Free Report) announced a monthly dividend on Monday, March 2nd. Shareholders of record on Thursday, March 12th will be given a dividend of 0.11 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend is Thursday, March 12th.
John Hancock Preferred Income Fund III Price Performance
Shares of NYSE:HPS opened at $14.78 on Wednesday. The firm has a fifty day moving average price of $14.62 and a two-hundred day moving average price of $14.91. John Hancock Preferred Income Fund III has a one year low of $13.08 and a one year high of $15.68.
Hedge Funds Weigh In On John Hancock Preferred Income Fund III
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its holdings in shares of John Hancock Preferred Income Fund III by 2,816.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,071 shares of the company’s stock valued at $30,000 after acquiring an additional 2,000 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in John Hancock Preferred Income Fund III during the second quarter valued at approximately $59,000. Kestra Advisory Services LLC purchased a new position in John Hancock Preferred Income Fund III in the 4th quarter worth approximately $92,000. Cherry Creek Investment Advisors Inc. bought a new position in shares of John Hancock Preferred Income Fund III in the 4th quarter worth $144,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of John Hancock Preferred Income Fund III during the 3rd quarter valued at $159,000.
About John Hancock Preferred Income Fund III
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.
Further Reading
- Five stocks we like better than John Hancock Preferred Income Fund III
- New Copper-Rich “Kraken” Zone Discovered
- Elon Warns “America Is Broke”. Trump’s Plan Inside.
- America’s 1776 happening again
- 3 Signs You May Want to Switch Financial Advisors
- Silver’s squeeze is tightening – opportunity forming
Receive News & Ratings for John Hancock Preferred Income Fund III Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Hancock Preferred Income Fund III and related companies with MarketBeat.com's FREE daily email newsletter.
