John Hancock Tax-Advantaged Dividend Income Fund (HTD) to Distribute Monthly Dividend of $0.16 on November 30th

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) announced a monthly dividend on Monday, November 2nd. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.1580 per share on Monday, November 30th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Thursday, November 12th.

John Hancock Tax-Advantaged Dividend Income Fund Trading Up 0.7%

NYSE:HTD opened at $23.39 on Tuesday. John Hancock Tax-Advantaged Dividend Income Fund has a one year low of $21.90 and a one year high of $26.35. The business’s 50-day simple moving average is $23.29 and its 200 day simple moving average is $24.81.

Hedge Funds Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

A number of institutional investors have recently made changes to their positions in the business. Shaker Financial Services LLC purchased a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund during the 3rd quarter valued at approximately $1,062,000. Hennion & Walsh Asset Management Inc. boosted its stake in John Hancock Tax-Advantaged Dividend Income Fund by 211.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 43,996 shares of the company’s stock valued at $1,121,000 after acquiring an additional 29,867 shares during the last quarter. Cetera Investment Advisers boosted its stake in John Hancock Tax-Advantaged Dividend Income Fund by 11.5% during the 1st quarter. Cetera Investment Advisers now owns 224,195 shares of the company’s stock valued at $5,553,000 after acquiring an additional 23,201 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund during the 1st quarter worth $287,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in John Hancock Tax-Advantaged Dividend Income Fund by 9,515.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,000 shares of the company’s stock worth $255,000 after acquiring an additional 9,896 shares in the last quarter.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) is a closed-end investment fund managed by John Hancock Investment Management. The fund seeks to provide a high level of current income that is generally eligible for favorable U.S. federal income-tax treatment, along with the potential for long-term growth of capital.

HTD invests primarily in dividend-paying common stocks and preferred securities. Its portfolio has a particular emphasis on companies in the utilities and other defensive, income-oriented sectors, while also allowing exposure to a broader range of industries and issuers.