John Hancock Preferred Income Fund (NYSE:HPI – Get Free Report) declared a monthly dividend on Tuesday, September 1st. Investors of record on Friday, September 11th will be given a dividend of 0.1235 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend is Friday, September 11th.
John Hancock Preferred Income Fund Trading Down 0.5%
Shares of NYSE:HPI opened at $15.77 on Wednesday. John Hancock Preferred Income Fund has a 12 month low of $15.26 and a 12 month high of $17.61. The firm’s 50-day moving average is $16.10 and its 200 day moving average is $16.06.
John Hancock Preferred Income Fund Company Profile
John Hancock Preferred Income Fund (NYSE: HPI) is a closed-end management investment company structured as a statutory trust under the Investment Company Act of 1940. The fund’s primary objective is to provide high current income with growth of capital as a secondary goal. It pursues this objective principally through investments in preferred securities, debt instruments and, to a lesser extent, equity securities.
The fund focuses on preferred stocks issued by U.S. and foreign issuers across a variety of industries, including financials, utilities and industrials.
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