John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Plans Dividend of $0.16

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) announced a dividend on Wednesday, July 2nd, investing.com reports. Shareholders of record on Monday, July 14th will be paid a dividend of 0.158 per share on Thursday, July 31st. This represents a yield of 8.05%. The ex-dividend date is Friday, July 11th. This is a 14.5% increase from John Hancock Tax-Advantaged Dividend Income Fund’s previous dividend of $0.14.

John Hancock Tax-Advantaged Dividend Income Fund Stock Up 0.6%

Shares of John Hancock Tax-Advantaged Dividend Income Fund stock opened at $23.70 on Thursday. The company has a fifty day moving average of $22.84 and a 200-day moving average of $22.71. John Hancock Tax-Advantaged Dividend Income Fund has a 52-week low of $20.05 and a 52-week high of $24.14.

Institutional Investors Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

An institutional investor recently raised its position in John Hancock Tax-Advantaged Dividend Income Fund stock. Royal Bank of Canada raised its stake in John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) by 0.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 165,634 shares of the company’s stock after purchasing an additional 708 shares during the quarter. Royal Bank of Canada’s holdings in John Hancock Tax-Advantaged Dividend Income Fund were worth $3,964,000 at the end of the most recent quarter.

About John Hancock Tax-Advantaged Dividend Income Fund

John Hancock Tax-Advantaged Dividend Income 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 and Analytic Investors, LLC. 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.