John Hancock Preferred Income Fund (NYSE:HPI – Get Free Report) announced a monthly dividend on Tuesday, September 1st. Shareholders of record on Friday, September 11th will be paid a dividend of 0.1235 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Friday, September 11th.
John Hancock Preferred Income Fund Stock Performance
Shares of HPI opened at $15.77 on Wednesday. The company has a 50 day moving average of $16.10 and a two-hundred day moving average of $16.06. John Hancock Preferred Income Fund has a twelve month low of $15.26 and a twelve month high of $17.61.
John Hancock Preferred Income Fund Company Profile
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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