John Hancock Preferred Income Fund (NYSE:HPI) Announces Monthly Dividend of $0.12

John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Tuesday, February 4th,Wall Street Journal reports. Shareholders of record on Thursday, February 13th will be paid a dividend of 0.1235 per share on Friday, February 28th. This represents a $1.48 dividend on an annualized basis and a yield of 8.54%. The ex-dividend date is Thursday, February 13th.

John Hancock Preferred Income Fund Price Performance

Shares of HPI stock traded up $0.06 on Tuesday, reaching $17.36. 28,948 shares of the company were exchanged, compared to its average volume of 44,602. The company has a 50-day moving average of $16.98 and a 200-day moving average of $17.53. John Hancock Preferred Income Fund has a one year low of $15.26 and a one year high of $19.43.

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.