John Hancock Preferred Income Fund (NYSE:HPI – Get Free Report) announced a monthly dividend on Thursday, October 1st. Investors of record on Tuesday, October 13th will be paid a dividend of $0.1235 per share on Friday, October 30th. This represents a $1.48 annualized dividend and a yield of 10.5%. The ex-dividend date is Tuesday, October 13th.
John Hancock Preferred Income Fund Price Performance
Shares of HPI stock opened at $14.13 on Friday. The firm has a fifty day moving average price of $15.45 and a 200-day moving average price of $15.83. John Hancock Preferred Income Fund has a 1 year low of $13.70 and a 1 year high of $17.61.
John Hancock Preferred Income Fund Company Profile
John Hancock Preferred Income Fund (NYSE: HPI) is a closed-end investment company that seeks to provide investors with a high level of current income, consistent with the preservation of capital. The fund is designed for investors seeking exposure to the preferred securities market through a professionally managed portfolio.
The fund invests primarily in preferred stocks and other preferred securities issued by companies in a range of industries. Its portfolio may also include convertible preferred securities, subordinated debt and other income-producing securities.
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