John Hancock Premium Dividend Fund (NYSE:PDT) Hits New 1-Year Low – Here’s What Happened

John Hancock Premium Dividend Fund (NYSE:PDT)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $12.50 and last traded at $12.5150, with a volume of 34062 shares. The stock had previously closed at $12.60.

John Hancock Premium Dividend Fund Price Performance

The company’s fifty day moving average price is $12.83 and its 200 day moving average price is $13.02.

John Hancock Premium Dividend Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, August 13th will be paid a $0.0883 dividend. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date is Thursday, August 13th.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

Institutional investors have recently made changes to their positions in the stock. SHP Wealth Management bought a new stake in shares of John Hancock Premium Dividend Fund in the 4th quarter worth approximately $27,000. Advisory Services Network LLC acquired a new stake in John Hancock Premium Dividend Fund in the third quarter worth $35,000. Northwestern Mutual Wealth Management Co. increased its position in John Hancock Premium Dividend Fund by 43.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,864 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 864 shares during the period. PNC Financial Services Group Inc. lifted its stake in John Hancock Premium Dividend Fund by 36.4% in the third quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 889 shares during the last quarter. Finally, Ameriflex Group Inc. lifted its stake in John Hancock Premium Dividend Fund by 324.6% in the fourth quarter. Ameriflex Group Inc. now owns 4,246 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 3,246 shares during the last quarter. 12.98% of the stock is owned by institutional investors.

John Hancock Premium Dividend Fund Company Profile

The John Hancock Premium Dividend Fund (NYSE:PDT) is a publicly traded, closed-end management investment company designed to deliver high current income and potential capital growth. The fund’s core strategy centers on dividend-paying and income-producing securities, combining equity and fixed-income instruments to achieve a balanced risk-return profile.

Managed by John Hancock Investment Management (US) LLC, a subsidiary of Manulife Financial Corporation, the fund primarily allocates assets to dividend-paying common stocks and preferred stocks of U.S.