John Hancock Preferred Income Fund III Declares Monthly Dividend of $0.11 (NYSE:HPS)

John Hancock Preferred Income Fund III (NYSE:HPS) declared a monthly dividend on Monday, February 2nd. Stockholders of record on Thursday, February 12th will be given a dividend of 0.11 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend is Thursday, February 12th.

John Hancock Preferred Income Fund III Stock Performance

Shares of NYSE HPS opened at $14.58 on Tuesday. The business has a 50-day moving average of $14.57 and a 200-day moving average of $14.86. John Hancock Preferred Income Fund III has a fifty-two week low of $13.08 and a fifty-two week high of $15.68.

Institutional Investors Weigh In On John Hancock Preferred Income Fund III

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG grew its stake in shares of John Hancock Preferred Income Fund III by 2.8% in the fourth quarter. UBS Group AG now owns 1,173,288 shares of the company’s stock valued at $16,907,000 after buying an additional 31,695 shares in the last quarter. Cherry Creek Investment Advisors Inc. acquired a new stake in John Hancock Preferred Income Fund III in the fourth quarter valued at $144,000. Focus Financial Network Inc. grew its position in shares of John Hancock Preferred Income Fund III by 8.5% in the 4th quarter. Focus Financial Network Inc. now owns 12,716 shares of the company’s stock valued at $183,000 after acquiring an additional 1,000 shares during the period. Bank of America Corp DE increased its stake in shares of John Hancock Preferred Income Fund III by 0.6% during the 3rd quarter. Bank of America Corp DE now owns 147,907 shares of the company’s stock worth $2,284,000 after purchasing an additional 898 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of John Hancock Preferred Income Fund III by 3.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 142,701 shares of the company’s stock valued at $2,203,000 after purchasing an additional 4,993 shares during the period.

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.