John Hancock Preferred Income Fund III (HPS) To Go Ex-Dividend on September 11th

John Hancock Preferred Income Fund III (NYSE:HPS) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Friday, September 11th will be given a dividend of 0.11 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date of this dividend is Friday, September 11th.

John Hancock Preferred Income Fund III Stock Performance

HPS stock opened at $13.56 on Wednesday. John Hancock Preferred Income Fund III has a twelve month low of $13.52 and a twelve month high of $15.68. The business has a fifty day moving average of $14.19 and a 200-day moving average of $14.39.

Institutional Trading of John Hancock Preferred Income Fund III

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in John Hancock Preferred Income Fund III by 11.4% during the 1st quarter. Royal Bank of Canada now owns 51,471 shares of the company’s stock valued at $772,000 after purchasing an additional 5,264 shares during the period. Invesco Ltd. boosted its stake in shares of John Hancock Preferred Income Fund III by 6.2% in the 2nd quarter. Invesco Ltd. now owns 235,960 shares of the company’s stock valued at $3,365,000 after purchasing an additional 13,710 shares during the last quarter. Cresset Asset Management LLC bought a new position in shares of John Hancock Preferred Income Fund III in the 2nd quarter valued at about $189,000. Ameriprise Financial Inc. grew its position in shares of John Hancock Preferred Income Fund III by 9.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 137,708 shares of the company’s stock worth $1,964,000 after buying an additional 12,097 shares during the period. Finally, Bank of America Corp DE grew its position in shares of John Hancock Preferred Income Fund III by 6.5% during the 2nd quarter. Bank of America Corp DE now owns 147,009 shares of the company’s stock worth $2,096,000 after buying an additional 9,031 shares during the period.

John Hancock Preferred Income Fund III Company Profile

John Hancock Preferred Income Fund III (NYSE:HPS) is a publicly traded, closed-end management investment company that seeks to provide a high level of current income. The fund offers investors access to a diversified portfolio of income-producing securities, with a primary focus on preferred stocks and similar instruments. As a closed-end fund, HPS issues a fixed number of shares that trade on the New York Stock Exchange, allowing investors to participate in its income strategy through the open market.

The fund pursues its objective by investing primarily in preferred securities of U.S.