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

John Hancock Preferred Income Fund III (NYSE:HPS) announced a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Shareholders of record on Thursday, March 13th will be paid a dividend of 0.11 per share on Monday, March 31st. This represents a $1.32 annualized dividend and a yield of 8.70%. The ex-dividend date is Thursday, March 13th.

John Hancock Preferred Income Fund III Stock Performance

Shares of NYSE:HPS traded down $0.16 on Tuesday, reaching $15.17. 79,896 shares of the company’s stock were exchanged, compared to its average volume of 55,461. John Hancock Preferred Income Fund III has a twelve month low of $14.09 and a twelve month high of $17.25. The company has a fifty day moving average of $15.07 and a 200-day moving average of $15.78.

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.