John Hancock Preferred Income Fund II to Issue Monthly Dividend of $0.12 (NYSE:HPF)

John Hancock Preferred Income Fund II (NYSE:HPF) declared a monthly dividend on Monday, June 1st. Stockholders 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 of this dividend is Thursday, June 11th.

John Hancock Preferred Income Fund II Stock Down 0.7%

NYSE:HPF opened at $16.07 on Tuesday. The stock has a 50-day simple moving average of $15.80 and a 200-day simple moving average of $16.02. John Hancock Preferred Income Fund II has a 1 year low of $15.06 and a 1 year high of $17.13.

John Hancock Preferred Income Fund II Company Profile

John Hancock Preferred Income Fund II (NYSE: HPF) is a closed-end management investment company that seeks to provide a high level of current income, with a secondary objective of capital appreciation. Listed on the New York Stock Exchange, the fund primarily invests in preferred securities issued by U.S. and, to a lesser extent, international issuers. Its diversified portfolio may include investment-grade and below-investment-grade preferred stocks, corporate debt securities, convertible securities and, when deemed appropriate, common equity.

Launched in June 2006, HPF employs leverage through preferred share borrowings and other forms of financing to enhance income potential.