John Hancock Premium Dividend Fund (NYSE:PDT) to Issue Monthly Dividend of $0.08

John Hancock Premium Dividend Fund (NYSE:PDT) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be paid a dividend of 0.0825 per share by the real estate investment trust on Monday, March 31st. This represents a $0.99 annualized dividend and a dividend yield of 7.73%. The ex-dividend date is Thursday, March 13th.

John Hancock Premium Dividend Fund has decreased its dividend payment by an average of 5.4% annually over the last three years.

John Hancock Premium Dividend Fund Price Performance

Shares of NYSE:PDT traded down $0.15 during midday trading on Tuesday, reaching $12.82. The company had a trading volume of 121,080 shares, compared to its average volume of 106,031. The company’s 50 day moving average price is $12.79 and its 200 day moving average price is $12.93. John Hancock Premium Dividend Fund has a 52-week low of $10.65 and a 52-week high of $13.55.

About John Hancock Premium Dividend Fund

John Hancock Premium Dividend Fund is a closed ended equity 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 markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector.