John Hancock Preferred Income Fund III (HPS) to Issue Monthly Dividend of $0.11 on January 31st

John Hancock Preferred Income Fund III (NYSE:HPS) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Monday, January 13th will be given a dividend of 0.11 per share on Friday, January 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.95%. The ex-dividend date of this dividend is Monday, January 13th.

John Hancock Preferred Income Fund III Stock Down 1.3 %

Shares of NYSE:HPS opened at $14.75 on Friday. John Hancock Preferred Income Fund III has a 12 month low of $14.22 and a 12 month high of $17.25. The company has a 50-day moving average price of $15.40 and a 200 day moving average price of $15.99.

John Hancock Preferred Income Fund III Company Profile

John Hancock Preferred Income Fund III is a closed ended fixed income 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 fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.