John Hancock Preferred Income Fund (NYSE:HPI – Get Free Report) announced a monthly dividend on Monday, November 2nd. Stockholders of record on Thursday, November 12th will be given a dividend of $0.1235 per share on Monday, November 30th. This represents a $1.48 annualized dividend and a dividend yield of 11.1%. The ex-dividend date is Thursday, November 12th.
John Hancock Preferred Income Fund Stock Performance
Shares of HPI stock opened at $13.30 on Tuesday. The firm’s 50 day moving average is $14.38 and its 200 day moving average is $15.66. John Hancock Preferred Income Fund has a 12 month low of $13.10 and a 12 month high of $17.42.
About John Hancock Preferred Income Fund
John Hancock Preferred Income Fund (NYSE: HPI) is a closed-end management investment company sponsored and managed by John Hancock Investment Management. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.
HPI invests primarily in preferred securities issued by companies across a range of industries. Its portfolio may also include other income-producing securities, such as corporate debt and convertible securities, allowing the fund to pursue income opportunities across different segments of the fixed-income and preferred-securities markets.
The fund may invest in securities issued by U.S.
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