John Hancock Preferred Income Fund (NYSE:HPI) Plans $0.12 Monthly Dividend

John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Monday, December 23rd,Wall Street Journal reports. Stockholders of record on Monday, December 30th will be given a dividend of 0.1235 per share on Friday, January 31st. This represents a $1.48 annualized dividend and a dividend yield of 8.99%. The ex-dividend date is Monday, December 30th.

John Hancock Preferred Income Fund Stock Performance

NYSE HPI opened at $16.49 on Wednesday. John Hancock Preferred Income Fund has a 12 month low of $15.26 and a 12 month high of $19.43. The company’s 50-day moving average price is $17.61 and its 200-day moving average price is $17.52.

John Hancock Preferred Income Fund Company Profile

John Hancock Preferred Income Fund is a closed ended balanced 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 public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.