John Hancock Preferred Income Fund II (NYSE:HPF) Announces $0.12 Monthly Dividend

John Hancock Preferred Income Fund II (NYSE:HPF) announced a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be given a dividend of 0.1235 per share on Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 8.80%. The ex-dividend date of this dividend is Thursday, March 13th.

John Hancock Preferred Income Fund II Stock Down 0.7 %

NYSE:HPF traded down $0.13 during mid-day trading on Tuesday, reaching $16.84. The stock had a trading volume of 51,059 shares, compared to its average volume of 43,362. The stock’s 50 day simple moving average is $16.82 and its two-hundred day simple moving average is $17.32. John Hancock Preferred Income Fund II has a 1-year low of $15.39 and a 1-year high of $19.00.

John Hancock Preferred Income Fund II Company Profile

John Hancock Preferred Income Fund II 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.