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

John Hancock Preferred Income Fund III (NYSE:HPS) declared a monthly dividend on Friday, May 1st. Stockholders of record on Monday, May 11th will be given a dividend of 0.11 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date is Monday, May 11th.

John Hancock Preferred Income Fund III Price Performance

NYSE HPS opened at $14.92 on Friday. John Hancock Preferred Income Fund III has a fifty-two week low of $13.80 and a fifty-two week high of $15.68. The business has a fifty day moving average of $14.49 and a 200-day moving average of $14.68.

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.