John Hancock Preferred Income Fund III (HPS) to Issue Monthly Dividend of $0.11 on March 31st

John Hancock Preferred Income Fund III (NYSE:HPS) declared a monthly dividend on Monday, March 2nd. Shareholders of record on Thursday, March 12th will be given a dividend of 0.11 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Thursday, March 12th.

John Hancock Preferred Income Fund III Trading Down 0.9%

Shares of HPS stock opened at $14.49 on Tuesday. The business’s 50 day moving average price is $14.63 and its 200-day moving average price is $14.90. John Hancock Preferred Income Fund III has a fifty-two week low of $13.08 and a fifty-two week high of $15.68.

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.