John Hancock Preferred Income Fund II (NYSE:HPF) Announces Monthly Dividend of $0.12

John Hancock Preferred Income Fund II (NYSE:HPF) declared a monthly dividend on Monday, August 3rd. Stockholders of record on Thursday, August 13th will be paid a dividend of 0.1235 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date is Thursday, August 13th.

John Hancock Preferred Income Fund II Trading Up 0.2%

Shares of NYSE:HPF opened at $15.87 on Tuesday. The business’s 50 day moving average price is $15.89 and its 200-day moving average price is $15.91. John Hancock Preferred Income Fund II has a 1 year low of $15.06 and a 1 year high of $17.13.

John Hancock Preferred Income Fund II Company Profile

John Hancock Preferred Income Fund II (NYSE: HPF) is a closed-end management investment company that seeks to provide a high level of current income, with a secondary objective of capital appreciation. Listed on the New York Stock Exchange, the fund primarily invests in preferred securities issued by U.S. and, to a lesser extent, international issuers. Its diversified portfolio may include investment-grade and below-investment-grade preferred stocks, corporate debt securities, convertible securities and, when deemed appropriate, common equity.

Launched in June 2006, HPF employs leverage through preferred share borrowings and other forms of financing to enhance income potential.