John Hancock Preferred Income Fund (NYSE:HPI – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Investors of record on Monday, July 13th will be given a dividend of 0.1235 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend is Monday, July 13th.
John Hancock Preferred Income Fund Stock Performance
John Hancock Preferred Income Fund stock opened at $16.30 on Friday. The business has a 50 day simple moving average of $16.11 and a 200 day simple moving average of $16.12. John Hancock Preferred Income Fund has a one year low of $15.26 and a one year high of $17.61.
About John Hancock Preferred Income Fund
John Hancock Preferred Income Fund (NYSE: HPI) is a closed-end management investment company structured as a statutory trust under the Investment Company Act of 1940. The fund’s primary objective is to provide high current income with growth of capital as a secondary goal. It pursues this objective principally through investments in preferred securities, debt instruments and, to a lesser extent, equity securities.
The fund focuses on preferred stocks issued by U.S. and foreign issuers across a variety of industries, including financials, utilities and industrials.
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