John Hancock Preferred Income Fund (NYSE:HPI – Get Free Report) announced a monthly dividend on Monday, August 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of 0.1235 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Thursday, August 13th.
John Hancock Preferred Income Fund Stock Performance
NYSE:HPI opened at $16.09 on Tuesday. John Hancock Preferred Income Fund has a 52 week low of $15.26 and a 52 week high of $17.61. The stock’s fifty day moving average is $16.14 and its two-hundred day moving average is $16.09.
Institutional Trading of John Hancock Preferred Income Fund
A number of hedge funds and other institutional investors have recently modified their holdings of HPI. Arax Advisory Partners acquired a new position in John Hancock Preferred Income Fund in the fourth quarter valued at about $37,000. Birchwood Financial Partners Inc. acquired a new stake in shares of John Hancock Preferred Income Fund during the fourth quarter valued at about $73,000. Stifel Financial Corp purchased a new stake in shares of John Hancock Preferred Income Fund in the 4th quarter valued at approximately $177,000. Readystate Asset Management LP acquired a new position in shares of John Hancock Preferred Income Fund in the 1st quarter worth approximately $203,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of John Hancock Preferred Income Fund in the 2nd quarter worth approximately $204,000.
About John Hancock Preferred Income Fund
John Hancock Preferred Income Fund (NYSE: HPI) is a closed-end management investment company structured as a statutory trust under the Investment Company Act of 1940. The fund’s primary objective is to provide high current income with growth of capital as a secondary goal. It pursues this objective principally through investments in preferred securities, debt instruments and, to a lesser extent, equity securities.
The fund focuses on preferred stocks issued by U.S. and foreign issuers across a variety of industries, including financials, utilities and industrials.
Recommended Stories
- Five stocks we like better than John Hancock Preferred Income Fund
- SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control
- Why Rare Earth Processing Could Be the Real 2027 Opportunity
- The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure
- TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks?
Receive News & Ratings for John Hancock Preferred Income Fund 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 and related companies with MarketBeat.com's FREE daily email newsletter.
