John Hancock Preferred Income Fund (NYSE:HPI) Declares $0.12 Monthly Dividend

John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Thursday, February 13th will be paid a dividend of 0.1235 per share on Friday, February 28th. This represents a $1.48 annualized dividend and a yield of 8.43%. The ex-dividend date of this dividend is Thursday, February 13th.

John Hancock Preferred Income Fund Trading Down 0.1 %

NYSE HPI opened at $17.58 on Tuesday. John Hancock Preferred Income Fund has a fifty-two week low of $15.26 and a fifty-two week high of $19.43. The stock has a 50 day simple moving average of $16.98 and a two-hundred day simple moving average of $17.54.

John Hancock Preferred Income Fund Company Profile

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.