John Hancock Preferred Income Fund (NYSE:HPI – Get Rating) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $15.18 and traded as low as $14.29. John Hancock Preferred Income Fund shares last traded at $14.29, with a volume of 42,887 shares changing hands.
John Hancock Preferred Income Fund Trading Up 0.5 %
The firm has a fifty day simple moving average of $15.14 and a two-hundred day simple moving average of $16.05.
John Hancock Preferred Income Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Thursday, May 11th will be issued a $0.1235 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.43%. The ex-dividend date of this dividend is Wednesday, May 10th.
Hedge Funds Weigh In On John Hancock Preferred Income Fund
About John Hancock Preferred Income Fund
John Hancock Preferred Income Fund operates as a closed-end investment fund/investment trust. It seeks to provide a high level of current income consistent with preservation of capital by investing its assets in preferred stocks or other preferred securities, including convertible preferred securities.
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