Positive Media Coverage Somewhat Unlikely to Impact John Hancock Preferred Income Fund III (HPS) Share Price
Media stories about John Hancock Preferred Income Fund III (NYSE:HPS) have been trending positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. John Hancock Preferred Income Fund III earned a coverage optimism score of 0.38 on Accern’s scale. Accern also assigned news stories about the company an impact score of 48.3761136144879 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of John Hancock Preferred Income Fund III (NYSE:HPS) traded up 0.05% on Monday, hitting $18.70. 53,737 shares of the stock were exchanged. The firm’s market capitalization is $590.25 million. John Hancock Preferred Income Fund III has a one year low of $16.25 and a one year high of $19.48. The company has a 50-day moving average price of $18.70 and a 200-day moving average price of $18.86.
The business also recently announced a monthly dividend, which will be paid on Tuesday, October 31st. Investors of record on Thursday, October 12th will be issued a dividend of $0.1222 per share. This represents a $1.47 annualized dividend and a dividend yield of 7.84%. The ex-dividend date is Wednesday, October 11th.
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About John Hancock Preferred Income Fund III
John Hancock Preferred Income Fund III is a closed-end management investment company. The Fund seeks to provide a high level of current income consistent with preservation of capital. The Fund’s secondary investment objective is to provide growth of capital to the extent consistent with its primary objective.
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