John Hancock Preferred Income Fund II Announces Monthly Dividend of $0.12 (NYSE:HPF)

John Hancock Preferred Income Fund II (NYSE:HPF) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Monday, January 12th will be given a dividend of 0.1235 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date of this dividend is Monday, January 12th.

John Hancock Preferred Income Fund II Trading Up 0.3%

HPF opened at $16.11 on Friday. John Hancock Preferred Income Fund II has a fifty-two week low of $14.56 and a fifty-two week high of $17.58. The company’s 50-day moving average price is $16.27 and its 200 day moving average price is $16.30.

John Hancock Preferred Income Fund II Company Profile

John Hancock Preferred Income Fund II (NYSE: HPF) is a closed-end management investment company that seeks to provide a high level of current income, with a secondary objective of capital appreciation. Listed on the New York Stock Exchange, the fund primarily invests in preferred securities issued by U.S. and, to a lesser extent, international issuers. Its diversified portfolio may include investment-grade and below-investment-grade preferred stocks, corporate debt securities, convertible securities and, when deemed appropriate, common equity.

Launched in June 2006, HPF employs leverage through preferred share borrowings and other forms of financing to enhance income potential.