John Hancock Preferred Income Fund III Plans Monthly Dividend of $0.11 (NYSE:HPS)

John Hancock Preferred Income Fund III (NYSE:HPS) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders of record on Thursday, February 13th will be paid a dividend of 0.11 per share on Friday, February 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.73%. The ex-dividend date is Thursday, February 13th.

John Hancock Preferred Income Fund III Price Performance

Shares of NYSE:HPS opened at $15.11 on Wednesday. The stock’s 50 day moving average price is $15.07 and its 200 day moving average price is $15.85. John Hancock Preferred Income Fund III has a 12 month low of $14.09 and a 12 month high of $17.25.

About John Hancock Preferred Income Fund III

John Hancock Preferred Income Fund III is a closed ended fixed income 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 fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.