John Hancock Preferred Income Fund III (NYSE:HPS – Get Free Report) announced a monthly dividend on Monday, August 3rd. Investors of record on Thursday, August 13th will be given a dividend of 0.11 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date is Thursday, August 13th.
John Hancock Preferred Income Fund III Trading Up 0.3%
HPS stock opened at $14.27 on Tuesday. The company has a fifty day moving average price of $14.41 and a 200 day moving average price of $14.50. John Hancock Preferred Income Fund III has a 12 month low of $13.80 and a 12 month high of $15.68.
Institutional Investors Weigh In On John Hancock Preferred Income Fund III
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Western Wealth Management LLC acquired a new stake in John Hancock Preferred Income Fund III during the 1st quarter worth approximately $459,000. Royal Bank of Canada grew its stake in shares of John Hancock Preferred Income Fund III by 2.1% in the 1st quarter. Royal Bank of Canada now owns 164,919 shares of the company’s stock valued at $2,348,000 after purchasing an additional 3,323 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of John Hancock Preferred Income Fund III in the first quarter valued at approximately $92,000. Kestra Advisory Services LLC acquired a new position in shares of John Hancock Preferred Income Fund III in the fourth quarter valued at approximately $92,000. Finally, Jane Street Group LLC purchased a new stake in shares of John Hancock Preferred Income Fund III during the fourth quarter worth approximately $215,000.
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.
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