John Hancock Preferred Income Fund (NYSE:HPI – Get Free Report) announced a monthly dividend on Monday, November 2nd. Shareholders of record on Thursday, November 12th will be given a dividend of $0.1235 per share on Monday, November 30th. This represents a $1.48 annualized dividend and a yield of 11.1%. The ex-dividend date is Thursday, November 12th.
John Hancock Preferred Income Fund Price Performance
John Hancock Preferred Income Fund stock opened at $13.30 on Tuesday. John Hancock Preferred Income Fund has a 52 week low of $13.10 and a 52 week high of $17.42. The company’s 50 day moving average price is $14.38 and its two-hundred day moving average price is $15.66.
Institutional Trading of John Hancock Preferred Income Fund
A number of hedge funds have recently bought and sold shares of the business. Birchwood Financial Partners Inc. boosted its stake in John Hancock Preferred Income Fund by 28.3% in the third quarter. Birchwood Financial Partners Inc. now owns 6,033 shares of the company’s stock valued at $84,000 after acquiring an additional 1,329 shares during the last quarter. TSP Capital Management Group LLC increased its stake in shares of John Hancock Preferred Income Fund by 2.5% during the 3rd quarter. TSP Capital Management Group LLC now owns 207,710 shares of the company’s stock worth $2,908,000 after purchasing an additional 5,075 shares during the last quarter. Compass Financial Management LLC purchased a new stake in shares of John Hancock Preferred Income Fund during the 2nd quarter worth approximately $106,000. Cetera Investment Advisers increased its stake in shares of John Hancock Preferred Income Fund by 2.7% during the 1st quarter. Cetera Investment Advisers now owns 46,039 shares of the company’s stock worth $722,000 after purchasing an additional 1,227 shares during the last quarter. Finally, Norris Financial Group LLC bought a new stake in shares of John Hancock Preferred Income Fund in the 1st quarter worth approximately $323,000.
John Hancock Preferred Income Fund Company Profile
John Hancock Preferred Income Fund (NYSE: HPI) is a closed-end management investment company sponsored and managed by John Hancock Investment Management. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.
HPI invests primarily in preferred securities issued by companies across a range of industries. Its portfolio may also include other income-producing securities, such as corporate debt and convertible securities, allowing the fund to pursue income opportunities across different segments of the fixed-income and preferred-securities markets.
The fund may invest in securities issued by U.S.
Read More
- Five stocks we like better than John Hancock Preferred Income Fund
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Receive News & Ratings for John Hancock Preferred Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Hancock Preferred Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
