John Hancock Preferred Income Fund (NYSE:HPI) Announces Monthly Dividend of $0.12

John Hancock Preferred Income Fund (NYSE:HPI) declared a monthly dividend on Wednesday, October 2nd, Wall Street Journal reports. Investors of record on Friday, October 11th will be paid a dividend of 0.1235 per share on Thursday, October 31st. This represents a $1.48 annualized dividend and a yield of 7.69%. The ex-dividend date is Friday, October 11th.

John Hancock Preferred Income Fund Stock Performance

Shares of John Hancock Preferred Income Fund stock traded up $0.20 during trading hours on Wednesday, hitting $19.26. The company’s stock had a trading volume of 43,549 shares, compared to its average volume of 53,454. The firm has a fifty day moving average of $17.59 and a 200-day moving average of $16.94. John Hancock Preferred Income Fund has a twelve month low of $12.85 and a twelve month high of $19.29.

John Hancock Preferred Income Fund Company Profile

John Hancock Preferred Income Fund is a closed ended balanced 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 public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.