John Hancock Tax-Advantaged Dividend Income Fund Plans Monthly Dividend of $0.16 (NYSE:HTD)

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) declared a monthly dividend on Monday, June 1st. Stockholders of record on Thursday, June 11th will be paid a dividend of 0.158 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Thursday, June 11th.

John Hancock Tax-Advantaged Dividend Income Fund Trading Down 1.1%

Shares of NYSE:HTD opened at $25.35 on Tuesday. John Hancock Tax-Advantaged Dividend Income Fund has a twelve month low of $22.40 and a twelve month high of $26.20. The firm’s 50 day moving average price is $25.21 and its 200-day moving average price is $24.74.

Institutional Investors Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HTD. Royal Bank of Canada raised its stake in John Hancock Tax-Advantaged Dividend Income Fund by 0.4% during the 1st quarter. Royal Bank of Canada now owns 165,634 shares of the company’s stock worth $3,964,000 after acquiring an additional 708 shares during the period. Jones Financial Companies Lllp bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund during the 1st quarter worth approximately $48,000. Invesco Ltd. raised its stake in John Hancock Tax-Advantaged Dividend Income Fund by 5.2% during the 2nd quarter. Invesco Ltd. now owns 545,627 shares of the company’s stock worth $12,762,000 after acquiring an additional 26,885 shares during the period. First Trust Advisors LP raised its stake in John Hancock Tax-Advantaged Dividend Income Fund by 2.3% during the 2nd quarter. First Trust Advisors LP now owns 120,175 shares of the company’s stock worth $2,811,000 after acquiring an additional 2,677 shares during the period. Finally, Walleye Capital LLC raised its stake in John Hancock Tax-Advantaged Dividend Income Fund by 11.7% during the 2nd quarter. Walleye Capital LLC now owns 27,100 shares of the company’s stock worth $634,000 after acquiring an additional 2,841 shares during the period.

About John Hancock Tax-Advantaged Dividend Income Fund

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) is a closed-end management investment company sponsored by John Hancock Investment Management, a division of Manulife Investment Management. The fund seeks to provide investors with tax-advantaged monthly income and the potential for capital appreciation by investing in a diversified portfolio of dividend-paying equities and taxable debt securities. It trades on the New York Stock Exchange under the ticker HTD and is structured to offer enhanced income opportunities compared to traditional equity or bond portfolios.

The fund’s primary investment strategy combines equity and fixed-income exposure.