John Hancock Preferred Income Fund (NYSE:HPI – Get Free Report) declared a monthly dividend on Friday, May 1st. Investors of record on Monday, May 11th will be given a dividend of 0.1235 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 9.0%. The ex-dividend date is Monday, May 11th.
John Hancock Preferred Income Fund Trading Up 0.6%
Shares of HPI stock opened at $16.41 on Friday. The firm’s fifty day moving average price is $15.96 and its two-hundred day moving average price is $16.38. John Hancock Preferred Income Fund has a 1 year low of $15.26 and a 1 year high of $17.61.
John Hancock Preferred Income Fund Company Profile
John Hancock Preferred Income Fund (NYSE: HPI) is a closed-end management investment company structured as a statutory trust under the Investment Company Act of 1940. The fund’s primary objective is to provide high current income with growth of capital as a secondary goal. It pursues this objective principally through investments in preferred securities, debt instruments and, to a lesser extent, equity securities.
The fund focuses on preferred stocks issued by U.S. and foreign issuers across a variety of industries, including financials, utilities and industrials.
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