John Hancock Preferred Income Fund III Declares Monthly Dividend of $0.11 (NYSE:HPS)

John Hancock Preferred Income Fund III (NYSE:HPS) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be given a dividend of 0.11 per share on Monday, March 31st. This represents a $1.32 annualized dividend and a dividend yield of 8.70%. The ex-dividend date of this dividend is Thursday, March 13th.

John Hancock Preferred Income Fund III Stock Down 1.0 %

Shares of HPS traded down $0.16 during trading hours on Tuesday, hitting $15.17. 79,896 shares of the stock were exchanged, compared to its average volume of 55,461. The stock’s 50-day moving average price is $15.07 and its two-hundred day moving average price is $15.78. John Hancock Preferred Income Fund III has a 12-month low of $14.09 and a 12-month high of $17.25.

About John Hancock Preferred Income Fund III

John Hancock Preferred Income Fund III is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.