John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD – Get Free Report) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 13th will be given a dividend of $0.1580 per share on Friday, October 30th. This represents a $1.90 annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend is Tuesday, October 13th.
John Hancock Tax-Advantaged Dividend Income Fund Stock Down 0.1%
HTD stock opened at $22.15 on Friday. John Hancock Tax-Advantaged Dividend Income Fund has a twelve month low of $21.94 and a twelve month high of $26.35. The business has a 50 day moving average of $24.79 and a 200 day moving average of $25.16.
Hedge Funds Weigh In On John Hancock Tax-Advantaged Dividend Income Fund
Institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers boosted its stake in John Hancock Tax-Advantaged Dividend Income Fund by 11.5% in the 1st quarter. Cetera Investment Advisers now owns 224,195 shares of the company’s stock worth $5,553,000 after purchasing an additional 23,201 shares in the last quarter. First Trust Advisors LP increased its stake in John Hancock Tax-Advantaged Dividend Income Fund by 6.3% during the 1st quarter. First Trust Advisors LP now owns 151,813 shares of the company’s stock valued at $3,760,000 after purchasing an additional 8,935 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in John Hancock Tax-Advantaged Dividend Income Fund by 3.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 91,117 shares of the company’s stock valued at $2,257,000 after purchasing an additional 3,064 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 211.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 43,996 shares of the company’s stock worth $1,121,000 after buying an additional 29,867 shares during the last quarter. Finally, World Investment Advisors raised its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 3.4% in the first quarter. World Investment Advisors now owns 30,895 shares of the company’s stock worth $765,000 after buying an additional 1,026 shares during the last quarter.
About John Hancock Tax-Advantaged Dividend Income Fund
John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) is a closed-end investment fund managed by John Hancock Investment Management. The fund seeks to provide a high level of current income that is generally eligible for favorable U.S. federal income-tax treatment, while also pursuing long-term growth of capital.
To pursue its objectives, HTD invests primarily in dividend-paying common and preferred stocks. Its portfolio has historically emphasized income-oriented sectors such as utilities and financial services, although its holdings and sector allocations may change over time based on the fund’s investment strategy and market conditions.
The fund was established in 2004 and is listed on the New York Stock Exchange.
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