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

John Hancock Preferred Income Fund (NYSE:HPI) declared a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Monday, August 12th will be given a dividend of 0.123 per share on Friday, August 30th. This represents a $1.48 annualized dividend and a yield of 8.63%. The ex-dividend date of this dividend is Monday, August 12th.

John Hancock Preferred Income Fund Stock Down 1.0 %

Shares of HPI traded down $0.17 during mid-day trading on Friday, hitting $17.11. 46,506 shares of the company’s stock were exchanged, compared to its average volume of 55,707. The stock’s 50-day moving average is $16.87 and its 200-day moving average is $16.46. John Hancock Preferred Income Fund has a fifty-two week low of $12.85 and a fifty-two week high of $17.66.

About John Hancock Preferred Income Fund

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.