John Hancock Tax-Advantaged Dividend Income Fund (HTD) to Issue Monthly Dividend of $0.16 on September 30th

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) announced a monthly dividend on Tuesday, September 1st. Investors of record on Friday, September 11th will be given a dividend of 0.158 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Friday, September 11th.

John Hancock Tax-Advantaged Dividend Income Fund Stock Performance

NYSE:HTD opened at $25.18 on Thursday. The stock’s 50 day moving average price is $25.58 and its 200 day moving average price is $25.39. John Hancock Tax-Advantaged Dividend Income Fund has a 52-week low of $23.15 and a 52-week high of $26.35.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. IFC & Insurance Marketing Inc. acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund in the fourth quarter valued at approximately $26,000. Resources Management Corp CT ADV purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at about $30,000. Jones Financial Companies Lllp acquired a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 1st quarter valued at about $48,000. Arax Advisory Partners increased its stake in John Hancock Tax-Advantaged Dividend Income Fund by 1,040.8% during the fourth quarter. Arax Advisory Partners now owns 2,293 shares of the company’s stock valued at $54,000 after purchasing an additional 2,092 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC bought a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 4th quarter valued at about $55,000.

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.