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

John Hancock Preferred Income Fund (NYSE:HPI) 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 0.1235 per share on Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.77%. The ex-dividend date is Thursday, March 13th.

John Hancock Preferred Income Fund Stock Performance

Shares of NYSE:HPI traded down $0.17 during mid-day trading on Tuesday, hitting $16.90. The company had a trading volume of 74,122 shares, compared to its average volume of 43,601. John Hancock Preferred Income Fund has a one year low of $15.26 and a one year high of $19.43. The firm has a fifty day moving average price of $17.10 and a 200 day moving average price of $17.58.

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.