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

John Hancock Preferred Income Fund III (NYSE:HPS) declared a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Stockholders of record on Friday, April 11th will be paid a dividend of 0.11 per share on Wednesday, April 30th. This represents a $1.32 annualized dividend and a dividend yield of 8.74%. The ex-dividend date of this dividend is Friday, April 11th.

John Hancock Preferred Income Fund III Stock Up 0.7 %

Shares of NYSE HPS traded up $0.10 during midday trading on Wednesday, reaching $15.11. 28,706 shares of the company’s stock were exchanged, compared to its average volume of 54,117. The business’s fifty day moving average price is $15.14 and its two-hundred day moving average price is $15.59. John Hancock Preferred Income Fund III has a 52-week low of $14.09 and a 52-week high of $17.25.

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.