John Hancock Preferred Income Fund III (NYSE:HPS) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Thursday, July 11th will be given a dividend of 0.122 per share on Wednesday, July 31st. This represents a $1.46 dividend on an annualized basis and a dividend yield of 7.57%. The ex-dividend date is Wednesday, July 10th.
John Hancock Preferred Income Fund III has increased its dividend payment by an average of 2.9% per year over the last three years.
John Hancock Preferred Income Fund III stock opened at $19.35 on Tuesday. John Hancock Preferred Income Fund III has a twelve month low of $14.53 and a twelve month high of $19.38. The company’s 50 day moving average is $19.02.
John Hancock Preferred Income Fund III is a closed ended fixed income mutual fund launched and managed by John Hancock Advisers, LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.
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