John Hancock Income Securities Trust (NYSE:JHS) Announces Dividend Increase – $0.15 Per Share

John Hancock Income Securities Trust (NYSE:JHS) announced a quarterly dividend on Monday, June 1st. Shareholders of record on Thursday, June 11th will be paid a dividend of 0.1535 per share by the financial services provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Thursday, June 11th. This is a 11.5% increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14.

John Hancock Income Securities Trust Stock Performance

Shares of JHS opened at $11.10 on Tuesday. John Hancock Income Securities Trust has a one year low of $10.74 and a one year high of $12.09. The company has a 50-day simple moving average of $11.08 and a two-hundred day simple moving average of $11.42.

Institutional Trading of John Hancock Income Securities Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new stake in John Hancock Income Securities Trust in the first quarter worth about $27,000. Prestige Wealth Management Group LLC purchased a new stake in John Hancock Income Securities Trust in the third quarter worth about $42,000. Petra Financial Advisors Inc. lifted its holdings in John Hancock Income Securities Trust by 72.1% in the fourth quarter. Petra Financial Advisors Inc. now owns 19,125 shares of the financial services provider’s stock worth $224,000 after buying an additional 8,010 shares during the period. Cary Street Partners Financial LLC lifted its holdings in John Hancock Income Securities Trust by 42.7% in the third quarter. Cary Street Partners Financial LLC now owns 47,622 shares of the financial services provider’s stock worth $556,000 after buying an additional 14,239 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in John Hancock Income Securities Trust by 23.9% in the second quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider’s stock worth $678,000 after buying an additional 11,587 shares during the period.

About John Hancock Income Securities Trust

John Hancock Income Securities Trust (NYSE: JHS) is a diversified, closed-end management investment company that seeks to provide shareholders with high current income while preserving capital. Trading on the New York Stock Exchange since its launch in the late 1970s, the trust offers investors access to a broad portfolio of fixed-income securities under a professional management structure.

The fund’s primary investment activities include purchasing U.S. government and agency obligations, investment-grade corporate debt, mortgage- and asset-backed securities, preferred stocks, and selected foreign debt instruments.