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

John Hancock Preferred Income Fund (NYSE:HPIGet Free Report) declared a monthly dividend on Monday, April 1st, investing.com reports. Investors of record on Thursday, April 11th will be paid a dividend of 0.1235 per share on Tuesday, April 30th. This represents a $1.48 annualized dividend and a yield of 8.98%. The ex-dividend date is Wednesday, April 10th.

John Hancock Preferred Income Fund Trading Down 0.1 %

Shares of HPI opened at $16.51 on Wednesday. John Hancock Preferred Income Fund has a one year low of $12.85 and a one year high of $16.89. The company’s fifty day moving average price is $16.26 and its 200 day moving average price is $15.27.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in John Hancock Preferred Income Fund by 10.8% in the 4th quarter. Royal Bank of Canada now owns 480,003 shares of the company’s stock worth $7,574,000 after acquiring an additional 46,668 shares during the period. UBS Group AG raised its holdings in John Hancock Preferred Income Fund by 1.2% in the 1st quarter. UBS Group AG now owns 376,999 shares of the company’s stock worth $6,032,000 after acquiring an additional 4,318 shares during the period. Invesco Ltd. grew its position in John Hancock Preferred Income Fund by 9.2% in the 1st quarter. Invesco Ltd. now owns 274,053 shares of the company’s stock worth $5,303,000 after purchasing an additional 23,194 shares during the last quarter. LPL Financial LLC grew its position in John Hancock Preferred Income Fund by 1.7% in the 3rd quarter. LPL Financial LLC now owns 164,883 shares of the company’s stock worth $2,402,000 after purchasing an additional 2,807 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in John Hancock Preferred Income Fund in the 4th quarter worth $1,804,000.

John Hancock Preferred Income Fund Company Profile

(Get Free Report)

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.

See Also

Dividend History for John Hancock Preferred Income Fund (NYSE:HPI)

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