John Hancock Preferred Income Fund III (NYSE:HPS – Get Free Report) announced a monthly dividend on Monday, November 2nd. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.11 per share on Monday, November 30th. This represents a $1.32 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend is Thursday, November 12th.
John Hancock Preferred Income Fund III Stock Down 0.1%
NYSE:HPS opened at $11.76 on Tuesday. John Hancock Preferred Income Fund III has a fifty-two week low of $11.39 and a fifty-two week high of $15.54. The stock’s 50-day moving average is $12.50 and its two-hundred day moving average is $13.98.
About John Hancock Preferred Income Fund III
John Hancock Preferred Income Fund III is a closed-end investment company listed on the New York Stock Exchange under the ticker symbol HPS. The fund seeks to provide shareholders with a high level of current income by investing primarily in preferred securities and other income-producing investments.
The fund’s portfolio may include preferred stocks, corporate debt securities and other fixed-income instruments issued by companies in a range of industries. Preferred securities generally have characteristics of both stocks and bonds, providing income while ranking ahead of common equity in a company’s capital structure but behind its debt obligations.
John Hancock Preferred Income Fund III is managed by John Hancock Investment Management, an asset-management business of Manulife Investment Management.
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