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

Posted by Scott Moore on Dec 28th, 2024

John Hancock Preferred Income Fund (NYSE:HPI – Get Free Report) announced a monthly dividend on Monday, December 23rd,Wall Street Journal reports. Shareholders of record on Monday, December 30th will be given a dividend of 0.1235 per share on Friday, January 31st. This represents a $1.48 annualized dividend and a yield of 9.01%. The ex-dividend date of this dividend is Monday, December 30th.

John Hancock Preferred Income Fund Stock Down 0.4 %

Shares of NYSE HPI opened at $16.45 on Friday. John Hancock Preferred Income Fund has a 1-year low of $15.26 and a 1-year high of $19.43. The company has a 50-day moving average of $17.45 and a two-hundred day moving average of $17.50.

John Hancock Preferred Income Fund Company Profile

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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.