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

John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Monday, May 13th will be paid a dividend of 0.123 per share on Friday, May 31st. This represents a $1.48 annualized dividend and a yield of 8.87%. The ex-dividend date of this dividend is Friday, May 10th.

John Hancock Preferred Income Fund Price Performance

Shares of HPI traded up $0.36 during trading hours on Friday, hitting $16.64. The company’s stock had a trading volume of 125,802 shares, compared to its average volume of 61,750. The business has a 50 day simple moving average of $16.31 and a two-hundred day simple moving average of $15.55. John Hancock Preferred Income Fund has a 52-week low of $12.85 and a 52-week high of $16.89.

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.