John Hancock Preferred Income Fund (HPI) To Go Ex-Dividend on March 12th

John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Monday, March 2nd. Shareholders of record on Thursday, March 12th will be paid a dividend of 0.1235 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date is Thursday, March 12th.

John Hancock Preferred Income Fund Stock Performance

Shares of John Hancock Preferred Income Fund stock opened at $16.08 on Tuesday. John Hancock Preferred Income Fund has a 1-year low of $14.61 and a 1-year high of $17.61. The business has a 50-day moving average of $16.23 and a 200-day moving average of $16.67.

Institutional Trading of John Hancock Preferred Income Fund

Hedge funds have recently bought and sold shares of the company. Guggenheim Capital LLC raised its stake in shares of John Hancock Preferred Income Fund by 35.5% in the 4th quarter. Guggenheim Capital LLC now owns 211,737 shares of the company’s stock worth $3,428,000 after buying an additional 55,509 shares in the last quarter. UBS Group AG boosted its position in shares of John Hancock Preferred Income Fund by 5.1% in the third quarter. UBS Group AG now owns 627,467 shares of the company’s stock worth $10,887,000 after buying an additional 30,307 shares during the period. Invesco Ltd. grew its stake in John Hancock Preferred Income Fund by 13.7% during the 3rd quarter. Invesco Ltd. now owns 222,924 shares of the company’s stock valued at $3,868,000 after acquiring an additional 26,939 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in John Hancock Preferred Income Fund by 37.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 96,866 shares of the company’s stock valued at $1,549,000 after buying an additional 26,571 shares during the period. Finally, Fiera Capital Corp boosted its stake in shares of John Hancock Preferred Income Fund by 18.3% during the 4th quarter. Fiera Capital Corp now owns 103,315 shares of the company’s stock valued at $1,673,000 after buying an additional 15,979 shares during the period.

About John Hancock Preferred Income Fund

John Hancock Preferred Income Fund (NYSE: HPI) is a closed-end management investment company structured as a statutory trust under the Investment Company Act of 1940. The fund’s primary objective is to provide high current income with growth of capital as a secondary goal. It pursues this objective principally through investments in preferred securities, debt instruments and, to a lesser extent, equity securities.

The fund focuses on preferred stocks issued by U.S. and foreign issuers across a variety of industries, including financials, utilities and industrials.