John Hancock Preferred Income Fund (HPI) to Issue Monthly Dividend of $0.12 on February 28th

John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Thursday, February 13th will be paid a dividend of 0.1235 per share on Friday, February 28th. This represents a $1.48 dividend on an annualized basis and a yield of 8.54%. The ex-dividend date is Thursday, February 13th.

John Hancock Preferred Income Fund Stock Performance

NYSE HPI opened at $17.36 on Wednesday. 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’s 50-day moving average is $16.98 and its two-hundred day moving average is $17.53.

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.