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

John Hancock Preferred Income Fund (NYSE:HPI) declared a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.1235 per share on Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 8.77%. The ex-dividend date is Thursday, March 13th.

John Hancock Preferred Income Fund Trading Down 1.0 %

NYSE HPI traded down $0.17 on Tuesday, reaching $16.90. The company had a trading volume of 74,122 shares, compared to its average volume of 43,601. The company’s fifty day moving average is $17.10 and its 200 day moving average is $17.58. John Hancock Preferred Income Fund has a 52-week low of $15.26 and a 52-week high of $19.43.

About John Hancock Preferred Income Fund

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.