John Hancock Preferred Income Fund III (HPS) To Go Ex-Dividend on August 13th

John Hancock Preferred Income Fund III (NYSE:HPS) declared a monthly dividend on Monday, August 3rd. Shareholders of record on Thursday, August 13th will be paid a dividend of 0.11 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Thursday, August 13th.

John Hancock Preferred Income Fund III Trading Up 0.2%

Shares of HPS stock opened at $14.28 on Wednesday. John Hancock Preferred Income Fund III has a twelve month low of $13.80 and a twelve month high of $15.68. The business’s 50 day moving average is $14.41 and its two-hundred day moving average is $14.50.

Institutional Investors Weigh In On John Hancock Preferred Income Fund III

A number of hedge funds have recently added to or reduced their stakes in HPS. UBS Group AG increased its position in John Hancock Preferred Income Fund III by 2.8% during the 4th quarter. UBS Group AG now owns 1,173,288 shares of the company’s stock worth $16,907,000 after purchasing an additional 31,695 shares during the period. LPL Financial LLC boosted its stake in shares of John Hancock Preferred Income Fund III by 0.7% in the fourth quarter. LPL Financial LLC now owns 296,324 shares of the company’s stock valued at $4,270,000 after buying an additional 2,126 shares in the last quarter. Invesco Ltd. grew its holdings in John Hancock Preferred Income Fund III by 13.7% during the third quarter. Invesco Ltd. now owns 268,253 shares of the company’s stock worth $4,142,000 after acquiring an additional 32,293 shares during the period. Royal Bank of Canada raised its position in John Hancock Preferred Income Fund III by 2.1% in the first quarter. Royal Bank of Canada now owns 164,919 shares of the company’s stock worth $2,348,000 after acquiring an additional 3,323 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in John Hancock Preferred Income Fund III by 0.6% in the third quarter. Bank of America Corp DE now owns 147,907 shares of the company’s stock valued at $2,284,000 after acquiring an additional 898 shares during the period.

John Hancock Preferred Income Fund III Company Profile

John Hancock Preferred Income Fund III (NYSE:HPS) is a publicly traded, closed-end management investment company that seeks to provide a high level of current income. The fund offers investors access to a diversified portfolio of income-producing securities, with a primary focus on preferred stocks and similar instruments. As a closed-end fund, HPS issues a fixed number of shares that trade on the New York Stock Exchange, allowing investors to participate in its income strategy through the open market.

The fund pursues its objective by investing primarily in preferred securities of U.S.