John Hancock Preferred Income Fund (NYSE:HPI – Get Free Report) announced 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 9.2%. The ex-dividend date is Thursday, August 13th.
John Hancock Preferred Income Fund Stock Performance
HPI opened at $16.09 on Tuesday. The firm’s fifty day moving average is $16.14 and its 200 day moving average is $16.09. John Hancock Preferred Income Fund has a fifty-two week low of $15.26 and a fifty-two week high of $17.61.
About John Hancock Preferred Income Fund
John Hancock Preferred Income Fund (NYSE: HPI) is a closed-end management investment company structured as a statutory trust under the Investment Company Act of 1940. The fund’s primary objective is to provide high current income with growth of capital as a secondary goal. It pursues this objective principally through investments in preferred securities, debt instruments and, to a lesser extent, equity securities.
The fund focuses on preferred stocks issued by U.S. and foreign issuers across a variety of industries, including financials, utilities and industrials.
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