John Hancock Premium Dividend Fund (NYSE:PDT) Hits New 12-Month Low – Here’s Why

John Hancock Premium Dividend Fund (NYSE:PDT) shares hit a new 52-week low during trading on Monday . The stock traded as low as $12.50 and last traded at $12.5150, with a volume of 34062 shares traded. The stock had previously closed at $12.60.

John Hancock Premium Dividend Fund Price Performance

The business’s 50-day moving average price is $12.84 and its two-hundred day moving average price is $13.03.

John Hancock Premium Dividend Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.0883 per share. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Thursday, August 13th.

Institutional Trading of John Hancock Premium Dividend Fund

A number of institutional investors have recently modified their holdings of PDT. Independent Financial Group LLC bought a new position in John Hancock Premium Dividend Fund in the 1st quarter valued at about $232,000. Calamos Advisors LLC bought a new stake in shares of John Hancock Premium Dividend Fund during the 1st quarter worth approximately $769,000. Kestra Advisory Services LLC boosted its position in shares of John Hancock Premium Dividend Fund by 18.6% during the 1st quarter. Kestra Advisory Services LLC now owns 86,676 shares of the real estate investment trust’s stock worth $1,135,000 after acquiring an additional 13,576 shares in the last quarter. Abel Hall LLC acquired a new stake in shares of John Hancock Premium Dividend Fund during the 1st quarter worth approximately $196,000. Finally, Pathway Financial Advisers LLC increased its stake in John Hancock Premium Dividend Fund by 1.2% in the first quarter. Pathway Financial Advisers LLC now owns 231,745 shares of the real estate investment trust’s stock valued at $3,036,000 after acquiring an additional 2,702 shares during the last quarter. 12.98% of the stock is currently owned by institutional investors.

About John Hancock Premium Dividend Fund

The John Hancock Premium Dividend Fund (NYSE:PDT) is a publicly traded, closed-end management investment company designed to deliver high current income and potential capital growth. The fund’s core strategy centers on dividend-paying and income-producing securities, combining equity and fixed-income instruments to achieve a balanced risk-return profile.

Managed by John Hancock Investment Management (US) LLC, a subsidiary of Manulife Financial Corporation, the fund primarily allocates assets to dividend-paying common stocks and preferred stocks of U.S.