John Hancock Preferred Income Fund II (NYSE:HPF – Get Free Report) announced a monthly dividend on Tuesday, September 1st. Shareholders of record on Friday, September 11th will be paid a dividend of 0.1235 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 9.6%. The ex-dividend date is Friday, September 11th.
John Hancock Preferred Income Fund II Trading Down 0.5%
Shares of HPF opened at $15.49 on Wednesday. The stock has a fifty day moving average price of $15.84 and a two-hundred day moving average price of $15.86. John Hancock Preferred Income Fund II has a 52-week low of $15.06 and a 52-week high of $17.13.
About John Hancock Preferred Income Fund II
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.
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