Media headlines about John Hancock Preferred Income (NYSE:HPI) have trended positive this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. John Hancock Preferred Income earned a coverage optimism score of 0.46 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 47.5987310031013 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of NYSE HPI traded down $0.10 during midday trading on Friday, reaching $20.32. 31,673 shares of the company’s stock traded hands, compared to its average volume of 53,138. John Hancock Preferred Income has a one year low of $19.73 and a one year high of $22.58.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, April 12th will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, April 11th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.27%.
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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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