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

John Hancock Preferred Income Fund III (NYSE:HPS) declared a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Monday, August 12th will be paid a dividend of 0.11 per share on Friday, August 30th. This represents a $1.32 annualized dividend and a yield of 8.25%. The ex-dividend date is Monday, August 12th.

John Hancock Preferred Income Fund III Trading Down 0.9 %

HPS stock traded down $0.14 during midday trading on Friday, hitting $16.00. 57,953 shares of the company traded hands, compared to its average volume of 55,610. John Hancock Preferred Income Fund III has a twelve month low of $11.79 and a twelve month high of $16.33. The business has a 50 day simple moving average of $15.81 and a 200-day simple moving average of $15.31.

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.