John Hancock Preferred Income Fund (NYSE:HPI) to Issue Monthly Dividend of $0.12

John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Monday, May 13th will be given a dividend of 0.123 per share on Friday, May 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.83%. The ex-dividend date is Friday, May 10th.

John Hancock Preferred Income Fund Trading Down 0.8 %

Shares of HPI stock opened at $16.71 on Thursday. John Hancock Preferred Income Fund has a 12-month low of $12.85 and a 12-month high of $16.98. The business’s 50 day moving average is $16.34 and its two-hundred day moving average is $15.63.

About John Hancock Preferred Income Fund

John Hancock Preferred Income Fund is a closed ended balanced mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.