John Hancock Premium Dividend Fund (NYSE:PDT) Sets New 12-Month High at $11.94

Shares of John Hancock Premium Dividend Fund (NYSE:PDT) reached a new 52-week high during trading on Friday . The company traded as high as $11.94 and last traded at $11.93, with a volume of 38027 shares. The stock had previously closed at $11.82.

John Hancock Premium Dividend Fund Stock Up 0.1 %

The stock’s fifty day moving average price is $11.56 and its 200 day moving average price is $11.30.

John Hancock Premium Dividend Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Thursday, July 11th will be issued a $0.0825 dividend. The ex-dividend date is Thursday, July 11th. This represents a $0.99 annualized dividend and a dividend yield of 8.37%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Williams Jones Wealth Management LLC. acquired a new stake in John Hancock Premium Dividend Fund in the first quarter valued at approximately $127,000. CTC Alternative Strategies Ltd. acquired a new stake in shares of John Hancock Premium Dividend Fund in the 4th quarter worth $140,000. HB Wealth Management LLC purchased a new position in John Hancock Premium Dividend Fund during the 1st quarter worth $149,000. J.W. Cole Advisors Inc. increased its position in John Hancock Premium Dividend Fund by 15.7% during the 4th quarter. J.W. Cole Advisors Inc. now owns 16,457 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 2,228 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in John Hancock Premium Dividend Fund in the fourth quarter valued at about $212,000. 12.98% of the stock is owned by institutional investors.

John Hancock Premium Dividend Fund Company Profile

John Hancock Premium Dividend Fund is a closed ended equity 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 markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector.