John Hancock Preferred Income Fund III (NYSE:HPS – Get Free Report) announced a monthly dividend on Monday, June 1st. Shareholders of record on Thursday, June 11th will be given a dividend of 0.11 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date is Thursday, June 11th.
John Hancock Preferred Income Fund III Stock Performance
NYSE HPS opened at $14.56 on Tuesday. The business has a fifty day moving average price of $14.47 and a two-hundred day moving average price of $14.58. John Hancock Preferred Income Fund III has a fifty-two week low of $13.80 and a fifty-two week high of $15.68.
Institutional Investors Weigh In On John Hancock Preferred Income Fund III
Several institutional investors and hedge funds have recently added to or reduced their stakes in HPS. UBS Group AG lifted its stake in John Hancock Preferred Income Fund III by 10.8% during the third quarter. UBS Group AG now owns 1,141,593 shares of the company’s stock worth $17,626,000 after purchasing an additional 111,560 shares during the last quarter. Invesco Ltd. lifted its stake in John Hancock Preferred Income Fund III by 13.7% during the third quarter. Invesco Ltd. now owns 268,253 shares of the company’s stock worth $4,142,000 after purchasing an additional 32,293 shares during the last quarter. Western Wealth Management LLC bought a new stake in John Hancock Preferred Income Fund III during the first quarter worth $459,000. Readystate Asset Management LP bought a new stake in John Hancock Preferred Income Fund III during the fourth quarter worth $419,000. Finally, Balyasny Asset Management L.P. bought a new stake in John Hancock Preferred Income Fund III during the second quarter worth $395,000.
About John Hancock Preferred Income Fund III
John Hancock Preferred Income Fund III (NYSE:HPS) is a publicly traded, closed-end management investment company that seeks to provide a high level of current income. The fund offers investors access to a diversified portfolio of income-producing securities, with a primary focus on preferred stocks and similar instruments. As a closed-end fund, HPS issues a fixed number of shares that trade on the New York Stock Exchange, allowing investors to participate in its income strategy through the open market.
The fund pursues its objective by investing primarily in preferred securities of U.S.
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