John Hancock Preferred Income Fund III Plans Monthly Dividend of $0.11 (NYSE:HPS)

John Hancock Preferred Income Fund III (NYSE:HPS) declared a monthly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Monday, August 12th will be paid a dividend of 0.11 per share on Friday, August 30th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.25%. The ex-dividend date is Monday, August 12th.

John Hancock Preferred Income Fund III Stock Performance

Shares of HPS stock traded down $0.14 during trading hours on Friday, reaching $16.00. 57,953 shares of the company’s stock were exchanged, compared to its average volume of 55,610. The company’s 50 day moving average is $15.81 and its two-hundred day moving average is $15.31. John Hancock Preferred Income Fund III has a 1 year low of $11.79 and a 1 year high of $16.33.

About John Hancock Preferred Income Fund III

John Hancock Preferred Income Fund III is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management 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.