John Hancock Preferred Income Fund II (NYSE:HPF – Get Free Report) announced a monthly dividend on Monday, August 3rd. Stockholders of record on Thursday, August 13th will be paid a dividend of 0.1235 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date is Thursday, August 13th.
John Hancock Preferred Income Fund II Trading Up 0.2%
Shares of NYSE:HPF opened at $15.87 on Tuesday. John Hancock Preferred Income Fund II has a 12-month low of $15.06 and a 12-month high of $17.13. The stock has a fifty day simple moving average of $15.89 and a two-hundred day simple moving average of $15.91.
Hedge Funds Weigh In On John Hancock Preferred Income Fund II
Large investors have recently modified their holdings of the stock. Western Wealth Management LLC purchased a new position in John Hancock Preferred Income Fund II during the 1st quarter valued at about $66,000. Jane Street Group LLC acquired a new position in shares of John Hancock Preferred Income Fund II in the 4th quarter valued at $180,000. NewEdge Advisors LLC raised its stake in shares of John Hancock Preferred Income Fund II by 4.0% in the second quarter. NewEdge Advisors LLC now owns 20,178 shares of the company’s stock worth $319,000 after purchasing an additional 770 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new position in John Hancock Preferred Income Fund II during the 4th quarter worth approximately $322,000. Finally, Raymond James Financial Inc. raised its holdings in shares of John Hancock Preferred Income Fund II by 6.7% during the second quarter. Raymond James Financial Inc. now owns 20,762 shares of the company’s stock worth $328,000 after purchasing an additional 1,299 shares during the last quarter.
About John Hancock Preferred Income Fund II
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.
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