John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) to Issue Monthly Dividend of $0.16

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Monday, January 12th will be given a dividend of 0.158 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Monday, January 12th.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

Shares of John Hancock Tax-Advantaged Dividend Income Fund stock opened at $23.87 on Friday. The business has a 50 day moving average of $24.14 and a 200 day moving average of $24.28. John Hancock Tax-Advantaged Dividend Income Fund has a 52 week low of $20.31 and a 52 week high of $25.21.

Institutional Investors Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

A number of large investors have recently modified their holdings of the stock. Ameriflex Group Inc. grew its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 1,000 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares during the period. Global Wealth Strategies & Associates bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the fourth quarter valued at approximately $34,000. Jones Financial Companies Lllp purchased a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the first quarter worth $48,000. First Horizon Corp bought a new position in John Hancock Tax-Advantaged Dividend Income Fund in the third quarter worth $61,000. Finally, Redmont Wealth Advisors LLC purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund during the third quarter valued at $65,000.

About John Hancock Tax-Advantaged Dividend Income Fund

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) is a closed-end management investment company sponsored by John Hancock Investment Management, a division of Manulife Investment Management. The fund seeks to provide investors with tax-advantaged monthly income and the potential for capital appreciation by investing in a diversified portfolio of dividend-paying equities and taxable debt securities. It trades on the New York Stock Exchange under the ticker HTD and is structured to offer enhanced income opportunities compared to traditional equity or bond portfolios.

The fund’s primary investment strategy combines equity and fixed-income exposure.