John Hancock Preferred Income ETF (NYSEARCA:JHPI) to Issue $0.04 Monthly Dividend

John Hancock Preferred Income ETF (NYSEARCA:JHPI) announced a monthly dividend on Tuesday, February 24th. Shareholders of record on Wednesday, February 25th will be paid a dividend of 0.0365 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, February 25th.

John Hancock Preferred Income ETF Trading Down 0.0%

Shares of NYSEARCA JHPI traded down $0.01 during mid-day trading on Wednesday, reaching $23.28. 38,732 shares of the company’s stock were exchanged, compared to its average volume of 57,831. John Hancock Preferred Income ETF has a twelve month low of $21.57 and a twelve month high of $23.56. The firm has a market capitalization of $148.96 million, a price-to-earnings ratio of 60.41 and a beta of 0.40. The business has a fifty day simple moving average of $23.07 and a 200 day simple moving average of $23.08.

John Hancock Preferred Income ETF Company Profile

The John Hancock Preferred Income ETF (JHPI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by primarily investing in preferred securities in the US market. JHPI was launched on Dec 14, 2021 and is managed by John Hancock.