John Hancock Preferred Income Fund III (HPS) to Issue Monthly Dividend of $0.11 on January 30th

John Hancock Preferred Income Fund III (NYSE:HPS) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Monday, January 12th will be given a dividend of 0.11 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend is Monday, January 12th.

John Hancock Preferred Income Fund III Trading Up 0.2%

Shares of John Hancock Preferred Income Fund III stock opened at $14.58 on Friday. John Hancock Preferred Income Fund III has a 1 year low of $13.08 and a 1 year high of $15.68. The company has a 50-day moving average of $14.76 and a 200 day moving average of $14.82.

Institutional Trading of John Hancock Preferred Income Fund III

Hedge funds have recently made changes to their positions in the stock. UBS Group AG increased its position in John Hancock Preferred Income Fund III by 10.8% during the 3rd quarter. UBS Group AG now owns 1,141,593 shares of the company’s stock valued at $17,626,000 after buying an additional 111,560 shares in the last quarter. Invesco Ltd. boosted its holdings in John Hancock Preferred Income Fund III by 13.7% in 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 in the last quarter. Guggenheim Capital LLC grew its stake in shares of John Hancock Preferred Income Fund III by 55.8% in the second quarter. Guggenheim Capital LLC now owns 175,335 shares of the company’s stock worth $2,500,000 after acquiring an additional 62,819 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of John Hancock Preferred Income Fund III by 0.6% during 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 in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of John Hancock Preferred Income Fund III by 3.6% during the third quarter. Ameriprise Financial Inc. now owns 142,701 shares of the company’s stock valued at $2,203,000 after acquiring an additional 4,993 shares in the last quarter.

About John Hancock Preferred Income Fund III

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.