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 Tuesday, February 4th,Wall Street Journal reports. Investors of record on Thursday, February 13th will be given a dividend of 0.11 per share on Friday, February 28th. This represents a $1.32 dividend on an annualized basis and a yield of 8.73%. The ex-dividend date is Thursday, February 13th.

John Hancock Preferred Income Fund III Trading Up 0.7 %

John Hancock Preferred Income Fund III stock traded up $0.10 during midday trading on Tuesday, reaching $15.11. 76,095 shares of the company’s stock were exchanged, compared to its average volume of 67,832. John Hancock Preferred Income Fund III has a 52 week low of $14.09 and a 52 week high of $17.25. The stock’s 50-day simple moving average is $15.09 and its 200 day simple moving average is $15.87.

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.