John Hancock Preferred Income Fund (HPI) Announces Monthly Dividend of $0.14
John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be given a dividend of 0.14 per share on Wednesday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.85%. The ex-dividend date is Thursday, January 11th.
John Hancock Preferred Income Fund has decreased its dividend payment by an average of 2.6% per year over the last three years.
John Hancock Preferred Income Fund (NYSE:HPI) traded down $0.01 during trading on Wednesday, hitting $21.39. The stock had a trading volume of 91,344 shares, compared to its average volume of 101,400. John Hancock Preferred Income Fund has a 52-week low of $20.14 and a 52-week high of $22.58.
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.
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