John Hancock Premium Dividend Fund (PDT) To Go Ex-Dividend on November 12th

John Hancock Premium Dividend Fund (NYSE:PDT) announced a monthly dividend on Monday, November 2nd. Investors of record on Thursday, November 12th will be paid a dividend of $0.0883 per share by the real estate investment trust on Monday, November 30th. This represents a $1.06 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend is Thursday, November 12th.

John Hancock Premium Dividend Fund Trading Down 0.9%

Shares of PDT opened at $12.06 on Wednesday. The company has a 50-day moving average of $12.05 and a two-hundred day moving average of $12.77. John Hancock Premium Dividend Fund has a one year low of $11.49 and a one year high of $13.65.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Calamos Advisors LLC increased its stake in John Hancock Premium Dividend Fund by 33.2% in the third quarter. Calamos Advisors LLC now owns 83,819 shares of the real estate investment trust’s stock valued at $982,000 after acquiring an additional 20,898 shares during the period. Pathway Financial Advisers LLC lifted its stake in John Hancock Premium Dividend Fund by 1.3% during the third quarter. Pathway Financial Advisers LLC now owns 232,538 shares of the real estate investment trust’s stock worth $2,725,000 after purchasing an additional 3,086 shares during the period. Blue Bell Private Wealth Management LLC lifted its stake in John Hancock Premium Dividend Fund by 10.2% during the third quarter. Blue Bell Private Wealth Management LLC now owns 10,502 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 968 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in John Hancock Premium Dividend Fund by 14.7% during the third quarter. Oppenheimer & Co. Inc. now owns 47,994 shares of the real estate investment trust’s stock valued at $562,000 after purchasing an additional 6,150 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its holdings in John Hancock Premium Dividend Fund by 7.2% during the third quarter. Axxcess Wealth Management LLC now owns 645,219 shares of the real estate investment trust’s stock valued at $7,562,000 after purchasing an additional 43,097 shares in the last quarter. Institutional investors own 12.98% of the company’s stock.

About John Hancock Premium Dividend Fund

John Hancock Premium Dividend Fund (NYSE: PDT) is a diversified closed-end investment company managed by John Hancock Investment Management LLC. The fund seeks to provide investors with a high level of current income while also pursuing long-term capital appreciation and preservation of capital.

The fund invests primarily in income-producing securities, including preferred stocks and dividend-paying common stocks. Its portfolio has historically emphasized companies in the utilities sector, although the fund may invest across other industries and in both domestic and international markets.