John Hancock Premium Dividend Fund (NYSE:PDT) Announces $0.08 Monthly Dividend

John Hancock Premium Dividend Fund (NYSE:PDT) declared a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be paid a dividend of 0.0825 per share by the real estate investment trust on Wednesday, April 30th. This represents a $0.99 annualized dividend and a yield of 7.59%. The ex-dividend date is Friday, April 11th.

John Hancock Premium Dividend Fund has decreased its dividend by an average of 5.4% annually over the last three years.

John Hancock Premium Dividend Fund Price Performance

Shares of NYSE PDT traded up $0.03 during midday trading on Wednesday, hitting $13.05. 123,171 shares of the company’s stock traded hands, compared to its average volume of 111,469. The firm has a fifty day moving average of $12.85 and a 200 day moving average of $12.91. John Hancock Premium Dividend Fund has a 1 year low of $10.65 and a 1 year high of $13.55.

About John Hancock Premium Dividend Fund

John Hancock Premium Dividend Fund is a closed ended equity 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 markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector.