John Hancock Preferred Income ETF Plans Monthly Dividend of $0.04 (NYSEARCA:JHPI)

John Hancock Preferred Income ETF (NYSEARCA:JHPI) announced a monthly dividend on Tuesday, February 24th. Stockholders of record on Wednesday, February 25th will be given a dividend of 0.0365 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, February 25th.

John Hancock Preferred Income ETF Stock Performance

Shares of NYSEARCA JHPI traded down $0.01 during mid-day trading on Wednesday, reaching $23.28. The company had a trading volume of 38,732 shares, compared to its average volume of 57,831. John Hancock Preferred Income ETF has a one year low of $21.57 and a one year high of $23.56. The firm has a market cap of $148.96 million, a price-to-earnings ratio of 60.41 and a beta of 0.40. The business’s 50-day simple moving average is $23.07 and its 200 day simple moving average is $23.08.

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.