John Hancock Hedged Equity and Income (NYSE:HEQ) Declares Quarterly Dividend of $0.38

John Hancock Hedged Equity and Income (NYSE:HEQ) announced a quarterly dividend on Monday, March 2nd, Zacks reports. Stockholders of record on Thursday, March 12th will be given a dividend of 0.376 per share by the investment management company on Tuesday, March 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 11.33%. The ex-dividend date is Wednesday, March 11th.

John Hancock Hedged Equity and Income has decreased its dividend payment by an average of 3.2% per year over the last three years and has increased its dividend every year for the last 1 years.

Shares of HEQ stock traded up $0.23 on Tuesday, reaching $13.28. 2,710 shares of the stock were exchanged, compared to its average volume of 48,820. John Hancock Hedged Equity and Income has a one year low of $13.00 and a one year high of $15.40. The stock has a 50 day moving average price of $14.68 and a 200 day moving average price of $14.34.

About John Hancock Hedged Equity and Income

John Hancock Hedged Equity & Income Fund is a closed-ended equity mutual fund launched and managed by John Hancock Advisors, LLC. The fund is co-managed by Wellington Management Company LLP. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.

Featured Article: How Do You Calculate Return on Equity (ROE)?

Dividend History for John Hancock Hedged Equity and Income (NYSE:HEQ)

Receive News & Ratings for John Hancock Hedged Equity and Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Hancock Hedged Equity and Income and related companies with MarketBeat.com's FREE daily email newsletter.