John Hancock Preferred Income Fund III (NYSE:HPS) Announces Monthly Dividend of $0.11

John Hancock Preferred Income Fund III (NYSE:HPS) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Monday, January 13th will be paid a dividend of 0.11 per share on Friday, January 31st. This represents a $1.32 annualized dividend and a dividend yield of 8.70%. The ex-dividend date of this dividend is Monday, January 13th.

John Hancock Preferred Income Fund III Trading Up 0.5 %

NYSE:HPS traded up $0.07 during midday trading on Friday, reaching $15.18. 50,152 shares of the stock traded hands, compared to its average volume of 43,326. The company has a fifty day moving average of $15.52 and a 200 day moving average of $16.02. John Hancock Preferred Income Fund III has a 12 month low of $14.21 and a 12 month high of $17.25.

About John Hancock Preferred Income Fund III

John Hancock Preferred Income Fund III is a closed ended fixed income 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 fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.