John Hancock Preferred Income Fund III (NYSE:HPS) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Investors of record on Friday, January 12th will be paid a dividend of 0.1222 per share on Wednesday, January 31st. This represents a $1.47 dividend on an annualized basis and a yield of 7.82%. The ex-dividend date of this dividend is Thursday, January 11th.
Shares of John Hancock Preferred Income Fund III (HPS) traded down $0.01 during midday trading on Thursday, reaching $18.76. 106,900 shares of the company were exchanged, compared to its average volume of 91,350. John Hancock Preferred Income Fund III has a 12-month low of $17.57 and a 12-month high of $19.48.
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John Hancock Preferred Income Fund III Company Profile
John Hancock Preferred Income Fund III is a closed-end management investment company. The Fund seeks to provide a high level of current income consistent with preservation of capital. The Fund’s secondary investment objective is to provide growth of capital to the extent consistent with its primary objective.
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