John Hancock Preferred Income ETF (NYSEARCA:JHPI) to Issue Monthly Dividend of $0.05

John Hancock Preferred Income ETF (NYSEARCA:JHPI) declared a monthly dividend on Tuesday, January 27th. Stockholders of record on Wednesday, January 28th will be given a dividend of 0.0452 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, January 28th.

John Hancock Preferred Income ETF Stock Performance

JHPI traded down $0.04 during trading on Wednesday, hitting $23.09. The stock had a trading volume of 1,672 shares, compared to its average volume of 75,626. John Hancock Preferred Income ETF has a twelve month low of $21.57 and a twelve month high of $23.56. The company’s 50-day moving average price is $22.97 and its 200 day moving average price is $23.01. The firm has a market capitalization of $146.62 million, a P/E ratio of 60.41 and a beta of 0.40.

John Hancock Preferred Income ETF Company Profile

The John Hancock Preferred Income ETF (JHPI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by primarily investing in preferred securities in the US market. JHPI was launched on Dec 14, 2021 and is managed by John Hancock.