John Hancock Preferred Income Fund II (NYSE:HPF) Plans $0.12 Monthly Dividend

John Hancock Preferred Income Fund II (NYSE:HPF) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Thursday, February 13th will be paid a dividend of 0.1235 per share on Friday, February 28th. This represents a $1.48 annualized dividend and a yield of 8.69%. The ex-dividend date is Thursday, February 13th.

John Hancock Preferred Income Fund II Trading Up 1.3 %

Shares of HPF traded up $0.22 during mid-day trading on Tuesday, reaching $17.05. The company’s stock had a trading volume of 50,479 shares, compared to its average volume of 49,531. John Hancock Preferred Income Fund II has a 52 week low of $15.39 and a 52 week high of $19.00. The company’s fifty day moving average price is $16.73 and its two-hundred day moving average price is $17.25.

John Hancock Preferred Income Fund II Company Profile

John Hancock Preferred Income Fund II is a closed ended fixed income 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 fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.