John Hancock Preferred Income Fund III (NYSE:HPS) to Issue $0.11 Monthly Dividend

John Hancock Preferred Income Fund III (NYSE:HPS) announced a monthly dividend on Wednesday, October 2nd, Wall Street Journal reports. Shareholders of record on Friday, October 11th will be paid a dividend of 0.11 per share on Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a yield of 7.67%. The ex-dividend date of this dividend is Friday, October 11th.

John Hancock Preferred Income Fund III Stock Performance

Shares of HPS remained flat at $17.20 during midday trading on Wednesday. The stock had a trading volume of 18,760 shares, compared to its average volume of 51,882. John Hancock Preferred Income Fund III has a fifty-two week low of $11.79 and a fifty-two week high of $17.24. The firm has a 50 day moving average price of $16.30 and a 200 day moving average price of $15.77.

About John Hancock Preferred Income Fund III

John Hancock Preferred Income Fund III is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.