John Hancock Preferred Income Fund (NYSE:HPI) declared a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Shareholders of record on Friday, September 13th will be paid a dividend of 0.14 per share on Monday, September 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.21%. The ex-dividend date of this dividend is Thursday, September 12th.
John Hancock Preferred Income Fund has increased its dividend by an average of 2.9% per year over the last three years.
Shares of HPI traded up $0.02 during mid-day trading on Thursday, reaching $23.31. The company had a trading volume of 76,986 shares, compared to its average volume of 70,058. The firm has a fifty day simple moving average of $23.86 and a 200-day simple moving average of $22.98. John Hancock Preferred Income Fund has a fifty-two week low of $17.02 and a fifty-two week high of $24.44.
John Hancock Preferred Income Fund is a closed ended balanced mutual fund launched and managed by John Hancock Advisers, LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.
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