Favorable Press Coverage Somewhat Unlikely to Affect John Hancock Preferred Income Fund (HPI) Share Price
News articles about John Hancock Preferred Income Fund (NYSE:HPI) have trended positive recently, according to Accern. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. John Hancock Preferred Income Fund earned a daily sentiment score of 0.32 on Accern’s scale. Accern also gave news stories about the company an impact score of 48.4564818562419 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of John Hancock Preferred Income Fund (NYSE:HPI) traded up 1.83% during mid-day trading on Friday, hitting $21.68. 266,715 shares of the company were exchanged. John Hancock Preferred Income Fund has a 12-month low of $18.91 and a 12-month high of $23.06. The company’s 50-day moving average price is $22.02 and its 200-day moving average price is $21.57.
The business also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Friday, August 11th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.68 dividend on an annualized basis and a yield of 7.75%.
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John Hancock Preferred Income Fund Company Profile
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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