John Hancock Preferred Income Fund (NYSE:HPI – Get Free Report) announced a monthly dividend on Friday, May 1st. Shareholders of record on Monday, May 11th will be paid a dividend of 0.1235 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date is Monday, May 11th.
John Hancock Preferred Income Fund Price Performance
NYSE HPI opened at $16.41 on Friday. John Hancock Preferred Income Fund has a one year low of $15.26 and a one year high of $17.61. The firm has a 50 day simple moving average of $15.96 and a 200-day simple moving average of $16.38.
About John Hancock Preferred Income Fund
John Hancock Preferred Income Fund (NYSE: HPI) is a closed-end management investment company structured as a statutory trust under the Investment Company Act of 1940. The fund’s primary objective is to provide high current income with growth of capital as a secondary goal. It pursues this objective principally through investments in preferred securities, debt instruments and, to a lesser extent, equity securities.
The fund focuses on preferred stocks issued by U.S. and foreign issuers across a variety of industries, including financials, utilities and industrials.
Further Reading
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