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

John Hancock Preferred Income Fund III (NYSE:HPS) declared a monthly dividend on Monday, March 2nd. Investors of record on Thursday, March 12th will be paid a dividend of 0.11 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date is Thursday, March 12th.

John Hancock Preferred Income Fund III Stock Performance

John Hancock Preferred Income Fund III stock traded down $0.06 during mid-day trading on Wednesday, reaching $14.71. The company had a trading volume of 11,535 shares, compared to its average volume of 60,179. The business has a fifty day simple moving average of $14.62 and a 200 day simple moving average of $14.91. John Hancock Preferred Income Fund III has a fifty-two week low of $13.08 and a fifty-two week high of $15.68.

About John Hancock Preferred Income Fund III

John Hancock Preferred Income Fund III (NYSE:HPS) is a publicly traded, closed-end management investment company that seeks to provide a high level of current income. The fund offers investors access to a diversified portfolio of income-producing securities, with a primary focus on preferred stocks and similar instruments. As a closed-end fund, HPS issues a fixed number of shares that trade on the New York Stock Exchange, allowing investors to participate in its income strategy through the open market.

The fund pursues its objective by investing primarily in preferred securities of U.S.