Favorable Press Coverage Somewhat Unlikely to Impact John Hancock Preferred Income Fund (HPI) Stock Price

Media stories about John Hancock Preferred Income Fund (NYSE:HPI) have trended positive on Wednesday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. John Hancock Preferred Income Fund earned a media sentiment score of 0.49 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.8256534559448 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

John Hancock Preferred Income Fund (NYSE HPI) traded down $0.03 during midday trading on Wednesday, hitting $21.46. 75,800 shares of the company traded hands, compared to its average volume of 67,100. John Hancock Preferred Income Fund has a twelve month low of $20.14 and a twelve month high of $22.58.

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, January 11th. This represents a $1.68 annualized dividend and a dividend yield of 7.83%.

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About John Hancock Preferred Income Fund

John Hancock Preferred Income Fund is a closed-end, diversified management investment company. The Fund’s investment objective is to provide a high level of income consistent with preservation of capital, and to provide growth of capital. Normally, the Fund invests at least 80% of its assets (net assets plus borrowings for investment purposes) in preferred stocks and other preferred securities, including convertible preferred securities.

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