John Hancock Hedged Equity & Income Fund to Issue Quarterly Dividend of $0.25 (NYSE:HEQ)

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) announced a quarterly dividend on Tuesday, March 4th, Wall Street Journal reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.25 per share by the investment management company on Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 9.52%. The ex-dividend date of this dividend is Thursday, March 13th.

John Hancock Hedged Equity & Income Fund has decreased its dividend by an average of 4.8% per year over the last three years.

John Hancock Hedged Equity & Income Fund Stock Down 0.1 %

John Hancock Hedged Equity & Income Fund stock traded down $0.01 during mid-day trading on Tuesday, reaching $10.50. 41,868 shares of the company traded hands, compared to its average volume of 31,614. The firm’s 50 day moving average price is $10.47 and its 200 day moving average price is $10.69. John Hancock Hedged Equity & Income Fund has a 52-week low of $9.57 and a 52-week high of $11.12.

About John Hancock Hedged Equity & Income Fund

John Hancock Hedged Equity & Income Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. The fund is co-managed by Wellington Management Company LLP. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.