John Hancock Preferred Income Fund (NYSE:HPI) Plans $0.12 Monthly Dividend

John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be paid a dividend of 0.1235 per share on Wednesday, April 30th. This represents a $1.48 annualized dividend and a yield of 8.90%. The ex-dividend date is Friday, April 11th.

John Hancock Preferred Income Fund Stock Performance

Shares of NYSE:HPI opened at $16.65 on Thursday. The business has a 50 day simple moving average of $17.07 and a two-hundred day simple moving average of $17.45. John Hancock Preferred Income Fund has a 1 year low of $15.26 and a 1 year high of $19.43.

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.