John Hancock Tax-Advantaged Dividend Income Fund (HTD) to Issue Monthly Dividend of $0.16 on January 30th

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Monday, January 12th will be given a dividend of 0.158 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Monday, January 12th.

John Hancock Tax-Advantaged Dividend Income Fund Price Performance

HTD stock opened at $23.87 on Friday. The company’s fifty day moving average price is $24.14 and its 200-day moving average price is $24.28. John Hancock Tax-Advantaged Dividend Income Fund has a one year low of $20.31 and a one year high of $25.21.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Global Wealth Strategies & Associates purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter worth about $34,000. PMG Family Office LLC purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 3rd quarter worth approximately $708,000. Allworth Financial LP raised its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 79.5% during the 3rd quarter. Allworth Financial LP now owns 4,133 shares of the company’s stock worth $102,000 after acquiring an additional 1,830 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 1.0% during the 3rd quarter. Captrust Financial Advisors now owns 481,551 shares of the company’s stock valued at $11,942,000 after acquiring an additional 4,696 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. grew its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 1.3% in the third quarter. Newbridge Financial Services Group Inc. now owns 97,756 shares of the company’s stock valued at $2,424,000 after purchasing an additional 1,221 shares in the last quarter.

About John Hancock Tax-Advantaged Dividend Income Fund

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) is a closed-end management investment company sponsored by John Hancock Investment Management, a division of Manulife Investment Management. The fund seeks to provide investors with tax-advantaged monthly income and the potential for capital appreciation by investing in a diversified portfolio of dividend-paying equities and taxable debt securities. It trades on the New York Stock Exchange under the ticker HTD and is structured to offer enhanced income opportunities compared to traditional equity or bond portfolios.

The fund’s primary investment strategy combines equity and fixed-income exposure.