John Hancock Patriot Premium Div Fund II (NYSE:PDT) Increases Dividend to $0.13 Per Share

John Hancock Patriot Premium Div Fund II (NYSE:PDT) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Stockholders of record on Thursday, December 12th will be given a dividend of 0.1315 per share by the real estate investment trust on Thursday, December 19th. This represents a $1.58 annualized dividend and a dividend yield of 9.27%. The ex-dividend date of this dividend is Wednesday, December 11th. This is a boost from John Hancock Patriot Premium Div Fund II’s previous monthly dividend of $0.10.

Shares of NYSE:PDT traded up $0.16 during trading hours on Wednesday, hitting $17.03. The company’s stock had a trading volume of 54,505 shares, compared to its average volume of 74,603. John Hancock Patriot Premium Div Fund II has a 52 week low of $12.98 and a 52 week high of $18.45. The firm’s fifty day moving average price is $17.26 and its 200 day moving average price is $17.25.

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John Hancock Patriot Premium Div Fund II Company Profile

John Hancock Premium Dividend Fund is a closed ended equity mutual fund launched and managed by John Hancock Advisers, 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.

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