John Hancock Preferred Income Fund (NYSE:HPI) Raises Dividend to $0.12 Per Share

John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.1235 per share on Monday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 8.45%. The ex-dividend date of this dividend is Friday, September 13th. This is a boost from John Hancock Preferred Income Fund’s previous monthly dividend of $0.12.

John Hancock Preferred Income Fund Price Performance

Shares of NYSE:HPI traded up $0.05 during midday trading on Wednesday, reaching $17.54. 15,233 shares of the company’s stock were exchanged, compared to its average volume of 54,396. The company’s 50 day simple moving average is $17.09 and its two-hundred day simple moving average is $16.67. John Hancock Preferred Income Fund has a 12 month low of $12.85 and a 12 month high of $17.73.

About John Hancock Preferred Income Fund

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.