John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Monday, December 11th will be given a dividend of 0.14 per share on Friday, December 29th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date is Friday, December 8th.
John Hancock Preferred Income Fund (NYSE HPI) traded up $0.13 on Monday, hitting $21.50. The stock had a trading volume of 48,704 shares, compared to its average volume of 47,581. John Hancock Preferred Income Fund has a 12 month low of $19.49 and a 12 month high of $22.58.
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About John Hancock Preferred Income Fund
John Hancock Preferred Income Fund is a closed-end, diversified management investment company. The Fund’s investment objective is to provide a high level of income consistent with preservation of capital, and to provide growth of capital. Normally, the Fund invests at least 80% of its assets (net assets plus borrowings for investment purposes) in preferred stocks and other preferred securities, including convertible preferred securities.
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