John Hancock Preferred Income Fund (NYSE:HPI – Get Free Report)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $18.27 and traded as low as $17.61. John Hancock Preferred Income Fund shares last traded at $17.77, with a volume of 37,786 shares trading hands.
John Hancock Preferred Income Fund Stock Up 0.3 %
The firm’s fifty day simple moving average is $18.27 and its two-hundred day simple moving average is $17.32.
John Hancock Preferred Income Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be issued a $0.1235 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.48 annualized dividend and a yield of 8.34%.
Hedge Funds Weigh In On John Hancock Preferred Income Fund
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.
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