HANCOCK PAT -II (PDT) to Issue $0.10 Monthly Dividend
HANCOCK PAT -II (NYSE:PDT) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Investors of record on Thursday, October 12th will be given a dividend of 0.0975 per share by the real estate investment trust on Tuesday, October 31st. This represents a $1.17 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date of this dividend is Wednesday, October 11th.
HANCOCK PAT -II has increased its dividend payment by an average of 4.4% annually over the last three years.
HANCOCK PAT -II (PDT) traded down 0.65% on Tuesday, reaching $16.86. 44,211 shares of the company’s stock traded hands. HANCOCK PAT -II has a 52 week low of $13.22 and a 52 week high of $17.30. The stock has a 50-day moving average of $16.92 and a 200 day moving average of $16.65.
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About HANCOCK PAT -II
John Hancock Premium Dividend Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to provide high current income, consistent with modest growth of capital. The Fund seeks to pursue its objective by investing in a diversified portfolio comprised primarily of dividend paying preferred securities and common equity securities.
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