John Hancock Preferred Income Fund (NYSE:HPI) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Thursday, October 12th will be given a dividend of 0.14 per share on Tuesday, October 31st. This represents a $1.68 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date is Wednesday, October 11th.

John Hancock Preferred Income Fund (NYSE:HPI) traded down 0.32% during trading on Tuesday, reaching $21.88. 55,212 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $21.67 and its 200-day moving average price is $21.77. John Hancock Preferred Income Fund has a one year low of $18.91 and a one year high of $22.58.

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About John Hancock Preferred Income Fund

John Hancock Preferred Income Fund is a closed-end, diversified management investment company. The Fund’s investment objective is to provide a high level of income consistent with preservation of capital, and to provide growth of capital. Normally, the Fund invests at least 80% of its assets (net assets plus borrowings for investment purposes) in preferred stocks and other preferred securities, including convertible preferred securities.

Dividend History for John Hancock Preferred Income Fund (NYSE:HPI)

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