John Hancock Preferred Income Fund (NYSE:HPI) Declares $0.12 Monthly Dividend

John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Monday, December 23rd,Wall Street Journal reports. Investors of record on Monday, December 30th will be paid a dividend of 0.1235 per share on Friday, January 31st. This represents a $1.48 dividend on an annualized basis and a yield of 9.05%. The ex-dividend date is Monday, December 30th.

John Hancock Preferred Income Fund Trading Down 0.8 %

Shares of HPI opened at $16.37 on Tuesday. John Hancock Preferred Income Fund has a fifty-two week low of $15.26 and a fifty-two week high of $19.43. The stock has a fifty day moving average of $17.61 and a two-hundred day moving average of $17.52.

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.