John Hancock Premium Dividend Fund (NYSE:PDT) Plans Monthly Dividend of $0.09

John Hancock Premium Dividend Fund (NYSE:PDT) declared a monthly dividend on Thursday, October 1st. Investors of record on Tuesday, October 13th will be paid a dividend of $0.0883 per share by the real estate investment trust on Friday, October 30th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Tuesday, October 13th.

John Hancock Premium Dividend Fund Stock Down 0.2%

Shares of PDT opened at $11.70 on Friday. John Hancock Premium Dividend Fund has a 1-year low of $11.56 and a 1-year high of $13.65. The firm’s 50-day moving average price is $12.45 and its 200-day moving average price is $12.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pathway Financial Advisers LLC grew its holdings in shares of John Hancock Premium Dividend Fund by 1.2% in the first quarter. Pathway Financial Advisers LLC now owns 231,745 shares of the real estate investment trust’s stock worth $3,036,000 after acquiring an additional 2,702 shares during the period. 1607 Capital Partners LLC purchased a new position in shares of John Hancock Premium Dividend Fund in the fourth quarter worth approximately $2,708,000. First Trust Advisors LP grew its position in John Hancock Premium Dividend Fund by 36.6% during the first quarter. First Trust Advisors LP now owns 142,765 shares of the real estate investment trust’s stock valued at $1,870,000 after buying an additional 38,256 shares during the period. Absolute Investment Advisers LLC bought a new stake in John Hancock Premium Dividend Fund during the first quarter valued at approximately $1,145,000. Finally, Kestra Advisory Services LLC increased its holdings in John Hancock Premium Dividend Fund by 18.6% during the first quarter. Kestra Advisory Services LLC now owns 86,676 shares of the real estate investment trust’s stock valued at $1,135,000 after buying an additional 13,576 shares during the last quarter. Institutional investors own 12.98% of the company’s stock.

John Hancock Premium Dividend Fund Company Profile

John Hancock Premium Dividend Fund (NYSE: PDT) is a closed-end management investment company that seeks to provide current income and long-term capital appreciation. The fund invests primarily in dividend-paying securities, including preferred and common stocks, with an emphasis on companies in the utility and energy sectors.

The fund’s portfolio may include securities issued by electric, gas and water utilities, telecommunications companies, pipelines and other infrastructure-related businesses.