John Hancock Preferred Income Fund III (NYSE:HPS) to Issue Monthly Dividend of $0.11

John Hancock Preferred Income Fund III (NYSE:HPS) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Thursday, February 13th will be given a dividend of 0.11 per share on Friday, February 28th. This represents a $1.32 dividend on an annualized basis and a yield of 8.73%. The ex-dividend date of this dividend is Thursday, February 13th.

John Hancock Preferred Income Fund III Stock Performance

Shares of HPS stock traded up $0.10 on Tuesday, reaching $15.11. The stock had a trading volume of 76,095 shares, compared to its average volume of 67,832. John Hancock Preferred Income Fund III has a 1 year low of $14.09 and a 1 year high of $17.25. The company has a 50 day simple moving average of $15.09 and a 200 day simple moving average of $15.87.

About John Hancock Preferred Income Fund III

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.