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. Shareholders of record on Thursday, February 13th will be given a dividend of 0.11 per share on Friday, February 28th. This represents a $1.32 dividend on an annualized basis and a yield of 8.73%. The ex-dividend date is Thursday, February 13th.

John Hancock Preferred Income Fund III Trading Up 0.7 %

Shares of NYSE HPS traded up $0.10 during midday trading on Tuesday, hitting $15.11. The stock had a trading volume of 76,095 shares, compared to its average volume of 67,832. The business’s 50 day moving average is $15.09 and its 200-day moving average is $15.87. John Hancock Preferred Income Fund III has a 52 week low of $14.09 and a 52 week high of $17.25.

John Hancock Preferred Income Fund III Company Profile

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.