John Hancock Tax-Advantaged Dividend Income Fund Plans Monthly Dividend of $0.16 (NYSE:HTD)

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) announced a monthly dividend on Monday, June 1st. Shareholders of record on Thursday, June 11th will be paid a dividend of 0.158 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Thursday, June 11th.

John Hancock Tax-Advantaged Dividend Income Fund Trading Down 1.1%

Shares of John Hancock Tax-Advantaged Dividend Income Fund stock opened at $25.35 on Tuesday. John Hancock Tax-Advantaged Dividend Income Fund has a 1 year low of $22.40 and a 1 year high of $26.20. The company has a 50 day simple moving average of $25.21 and a two-hundred day simple moving average of $24.74.

Institutional Investors Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HTD. Ameriflex Group Inc. increased its position in John Hancock Tax-Advantaged Dividend Income Fund by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 1,000 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares during the period. IFC & Insurance Marketing Inc. purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter worth about $26,000. Resources Management Corp CT ADV purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter worth about $30,000. Global Wealth Strategies & Associates purchased a new stake in shares of John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter worth about $34,000. Finally, Assetmark Inc. grew its position in shares of John Hancock Tax-Advantaged Dividend Income Fund by 445.0% in the 4th quarter. Assetmark Inc. now owns 1,526 shares of the company’s stock worth $36,000 after buying an additional 1,246 shares during the period.

About John Hancock Tax-Advantaged Dividend Income Fund

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) is a closed-end management investment company sponsored by John Hancock Investment Management, a division of Manulife Investment Management. The fund seeks to provide investors with tax-advantaged monthly income and the potential for capital appreciation by investing in a diversified portfolio of dividend-paying equities and taxable debt securities. It trades on the New York Stock Exchange under the ticker HTD and is structured to offer enhanced income opportunities compared to traditional equity or bond portfolios.

The fund’s primary investment strategy combines equity and fixed-income exposure.