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

John Hancock Preferred Income Fund III (NYSE:HPS) declared a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Shareholders 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 is Thursday, March 13th.

John Hancock Preferred Income Fund III Trading Down 1.0 %

Shares of NYSE HPS traded down $0.16 during trading hours on Tuesday, hitting $15.17. The company had a trading volume of 79,896 shares, compared to its average volume of 55,461. John Hancock Preferred Income Fund III has a 1-year low of $14.09 and a 1-year high of $17.25. The firm’s 50 day moving average is $15.07 and its 200-day moving average is $15.78.

John Hancock Preferred Income Fund III Company Profile

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.