John Hancock Preferred Income Fund (HPI) to Distribute Monthly Dividend of $0.12 on November 30th

John Hancock Preferred Income Fund (NYSE:HPI) declared a monthly dividend on Monday, November 2nd. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.1235 per share on Monday, November 30th. This represents a $1.48 annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend is Thursday, November 12th.

John Hancock Preferred Income Fund Stock Up 0.3%

HPI stock opened at $13.32 on Wednesday. John Hancock Preferred Income Fund has a 52-week low of $13.10 and a 52-week high of $17.42. The company has a fifty day moving average price of $14.33 and a 200-day moving average price of $15.65.

John Hancock Preferred Income Fund Company Profile

John Hancock Preferred Income Fund (NYSE: HPI) is a closed-end management investment company sponsored and managed by John Hancock Investment Management. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

HPI invests primarily in preferred securities issued by companies across a range of industries. Its portfolio may also include other income-producing securities, such as corporate debt and convertible securities, allowing the fund to pursue income opportunities across different segments of the fixed-income and preferred-securities markets.

The fund may invest in securities issued by U.S.