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

John Hancock Preferred Income Fund III (NYSE:HPS) announced a monthly dividend on Monday, March 2nd. Shareholders of record on Thursday, March 12th will be paid a dividend of 0.11 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend is Thursday, March 12th.

John Hancock Preferred Income Fund III Stock Down 0.3%

Shares of John Hancock Preferred Income Fund III stock opened at $14.78 on Wednesday. John Hancock Preferred Income Fund III has a 52 week low of $13.08 and a 52 week high of $15.68. The company has a 50 day moving average price of $14.62 and a 200 day moving average price of $14.91.

About John Hancock Preferred Income Fund III

John Hancock Preferred Income Fund III (NYSE:HPS) is a publicly traded, closed-end management investment company that seeks to provide a high level of current income. The fund offers investors access to a diversified portfolio of income-producing securities, with a primary focus on preferred stocks and similar instruments. As a closed-end fund, HPS issues a fixed number of shares that trade on the New York Stock Exchange, allowing investors to participate in its income strategy through the open market.

The fund pursues its objective by investing primarily in preferred securities of U.S.