John Hancock Preferred Income Fund (NYSE:HPI – Get Free Report) announced a monthly dividend on Monday, June 1st. Shareholders of record on Thursday, June 11th will be given a dividend of 0.1235 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Thursday, June 11th.
John Hancock Preferred Income Fund Price Performance
HPI opened at $16.17 on Tuesday. The business’s 50-day moving average price is $15.95 and its two-hundred day moving average price is $16.24. John Hancock Preferred Income Fund has a 1 year low of $15.26 and a 1 year high of $17.61.
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.
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