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 Wednesday, July 1st. Investors of record on Monday, July 13th will be given a dividend of 0.11 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend is Monday, July 13th.

John Hancock Preferred Income Fund III Stock Down 0.1%

Shares of NYSE HPS opened at $14.53 on Thursday. John Hancock Preferred Income Fund III has a one year low of $13.80 and a one year high of $15.68. The business’s fifty day moving average price is $14.52 and its 200-day moving average price is $14.51.

Hedge Funds Weigh In On John Hancock Preferred Income Fund III

A number of large investors have recently made changes to their positions in HPS. UBS Group AG grew its stake in John Hancock Preferred Income Fund III by 2.8% during the fourth quarter. UBS Group AG now owns 1,173,288 shares of the company’s stock valued at $16,907,000 after acquiring an additional 31,695 shares in the last quarter. LPL Financial LLC lifted its position in John Hancock Preferred Income Fund III by 0.7% in the 4th quarter. LPL Financial LLC now owns 296,324 shares of the company’s stock worth $4,270,000 after buying an additional 2,126 shares during the last quarter. Invesco Ltd. grew its holdings in shares of John Hancock Preferred Income Fund III by 13.7% during the 3rd quarter. Invesco Ltd. now owns 268,253 shares of the company’s stock valued at $4,142,000 after purchasing an additional 32,293 shares during the last quarter. Royal Bank of Canada grew its stake in shares of John Hancock Preferred Income Fund III by 2.1% during the first quarter. Royal Bank of Canada now owns 164,919 shares of the company’s stock valued at $2,348,000 after buying an additional 3,323 shares during the last quarter. Finally, Bank of America Corp DE grew its position in 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 acquiring an additional 898 shares during the last quarter.

John Hancock Preferred Income Fund III Company Profile

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.