John Hancock Preferred Income Fund (NYSE:HPI – Free Report) announced a monthly dividend on Thursday, August 1, Zacks reports. Investors of record on Monday, August 12 will receive a dividend of 0.123 per share on Friday, August 30. This represents an annualized dividend of $1.48 and a dividend yield of 8.82%. The ex-dividend date of this dividend is Monday, August 12.
John Hancock Preferred Income Fund down 0.4%
Shares of John Hancock Preferred Income Fund traded $0.07 lower on Friday, reaching $16.74. 46,546 shares of the company traded hands, compared to an average volume of 55,672. John Hancock Preferred Income Fund has a 1-year low of $12.85 and a 1-year high of $17.66. The company has a 50-day moving average of $16.91 and a 200-day moving average of $16.50.
About John Hancock Preferred Income Fund
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John Hancock Preferred Income Fund is a closed-end, balanced mutual fund established and managed by John Hancock Investment Management LLC. It is co-managed with John Hancock Asset Management. The Fund invests in the public equity and bond markets of the United States. It seeks to invest in securities of companies operating in a variety of sectors.
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