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

John Hancock Preferred Income Fund III (NYSE:HPS) declared a monthly dividend on Monday, May 5th, Wall Street Journal reports. Investors of record on Monday, May 12th will be given a dividend of 0.11 per share on Friday, May 30th. This represents a $1.32 annualized dividend and a yield of 9.21%. The ex-dividend date of this dividend is Monday, May 12th.

John Hancock Preferred Income Fund III Price Performance

John Hancock Preferred Income Fund III stock opened at $14.34 on Wednesday. The firm has a 50-day moving average of $14.58 and a two-hundred day moving average of $15.09. John Hancock Preferred Income Fund III has a 1 year low of $13.08 and a 1 year 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.