John Hancock Premium Dividend Fund (NYSE:PDT) Plans $0.08 Monthly Dividend

John Hancock Premium Dividend Fund (NYSE:PDT) declared a monthly dividend on Monday, November 3rd. Stockholders of record on Thursday, November 13th will be given a dividend of 0.0825 per share by the real estate investment trust on Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Thursday, November 13th.

John Hancock Premium Dividend Fund Stock Down 0.5%

John Hancock Premium Dividend Fund stock opened at $12.97 on Tuesday. John Hancock Premium Dividend Fund has a one year low of $11.41 and a one year high of $13.50. The business has a fifty day moving average price of $13.27 and a 200-day moving average price of $13.12.

Institutional Investors Weigh In On John Hancock Premium Dividend Fund

A number of institutional investors and hedge funds have recently made changes to their positions in PDT. First Horizon Advisors Inc. purchased a new stake in shares of John Hancock Premium Dividend Fund in the first quarter worth $42,000. Axxcess Wealth Management LLC raised its position in shares of John Hancock Premium Dividend Fund by 3.4% in the first quarter. Axxcess Wealth Management LLC now owns 488,573 shares of the real estate investment trust’s stock worth $6,391,000 after buying an additional 16,005 shares in the last quarter. Readystate Asset Management LP raised its position in shares of John Hancock Premium Dividend Fund by 63.9% in the first quarter. Readystate Asset Management LP now owns 25,337 shares of the real estate investment trust’s stock worth $331,000 after buying an additional 9,877 shares in the last quarter. Brookwood Investment Group LLC purchased a new stake in shares of John Hancock Premium Dividend Fund in the first quarter worth $392,000. Finally, Cetera Investment Advisers raised its position in shares of John Hancock Premium Dividend Fund by 3.5% in the first quarter. Cetera Investment Advisers now owns 50,578 shares of the real estate investment trust’s stock worth $662,000 after buying an additional 1,713 shares in the last quarter. Hedge funds and other institutional investors own 12.98% of the company’s stock.

John Hancock Premium Dividend Fund Company Profile

John Hancock Premium Dividend Fund is a closed ended equity mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector.