John Hancock Preferred Income Fund (NYSE:HPI) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Shareholders of record on Monday, February 12th will be paid a dividend of 0.14 per share on Wednesday, February 28th. This represents a $1.68 dividend on an annualized basis and a yield of 8.41%. The ex-dividend date of this dividend is Friday, February 9th.
John Hancock Preferred Income Fund has decreased its dividend by an average of 2.6% per year over the last three years.
Shares of John Hancock Preferred Income Fund (HPI) traded down $0.29 during mid-day trading on Monday, reaching $19.97. The company’s stock had a trading volume of 186,743 shares, compared to its average volume of 77,331. John Hancock Preferred Income Fund has a 12 month low of $19.85 and a 12 month high of $22.58.
John Hancock Preferred Income Fund Company Profile
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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