John Hancock Preferred Income Fund II (NYSE:HPF) to Issue $0.12 Monthly Dividend

John Hancock Preferred Income Fund II (NYSE:HPF) declared a monthly dividend on Monday, February 2nd. Investors of record on Thursday, February 12th will be given a dividend of 0.1235 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date is Thursday, February 12th.

John Hancock Preferred Income Fund II Stock Performance

Shares of John Hancock Preferred Income Fund II stock remained flat at $16.12 on Tuesday. The company’s stock had a trading volume of 4,249 shares, compared to its average volume of 37,082. John Hancock Preferred Income Fund II has a twelve month low of $14.56 and a twelve month high of $17.58. The company’s 50 day moving average price is $16.16 and its two-hundred day moving average price is $16.33.

John Hancock Preferred Income Fund II Company Profile

John Hancock Preferred Income Fund II (NYSE: HPF) is a closed-end management investment company that seeks to provide a high level of current income, with a secondary objective of capital appreciation. Listed on the New York Stock Exchange, the fund primarily invests in preferred securities issued by U.S. and, to a lesser extent, international issuers. Its diversified portfolio may include investment-grade and below-investment-grade preferred stocks, corporate debt securities, convertible securities and, when deemed appropriate, common equity.

Launched in June 2006, HPF employs leverage through preferred share borrowings and other forms of financing to enhance income potential.