John Hancock Preferred Income Fund Declares Monthly Dividend of $0.12 (NYSE:HPI)

John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Tuesday, February 4th,Wall Street Journal reports. Shareholders of record on Thursday, February 13th will be given a dividend of 0.1235 per share on Friday, February 28th. This represents a $1.48 annualized dividend and a yield of 8.54%. The ex-dividend date is Thursday, February 13th.

John Hancock Preferred Income Fund Trading Up 0.3 %

NYSE:HPI traded up $0.06 on Tuesday, hitting $17.36. The stock had a trading volume of 28,948 shares, compared to its average volume of 44,602. John Hancock Preferred Income Fund has a 1 year low of $15.26 and a 1 year high of $19.43. The firm’s fifty day simple moving average is $16.98 and its two-hundred day simple moving average is $17.53.

John Hancock Preferred Income Fund Company Profile

John Hancock Preferred Income Fund is a closed ended balanced mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.