John Hancock Preferred Income ETF to Issue Monthly Dividend of $0.05 (NYSEARCA:JHPI)

John Hancock Preferred Income ETF (NYSEARCA:JHPI) announced a monthly dividend on Tuesday, January 27th. Shareholders of record on Wednesday, January 28th will be given a dividend of 0.0452 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, January 28th.

John Hancock Preferred Income ETF Price Performance

NYSEARCA JHPI traded down $0.05 during trading on Wednesday, hitting $23.08. The company’s stock had a trading volume of 1,318 shares, compared to its average volume of 76,733. John Hancock Preferred Income ETF has a fifty-two week low of $21.57 and a fifty-two week high of $23.56. The company has a market cap of $146.55 million, a PE ratio of 60.41 and a beta of 0.40. The business’s 50 day simple moving average is $22.97 and its 200-day simple moving average is $23.01.

About John Hancock Preferred Income ETF

The John Hancock Preferred Income ETF (JHPI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by primarily investing in preferred securities in the US market. JHPI was launched on Dec 14, 2021 and is managed by John Hancock.