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

John Hancock Preferred Income Fund (NYSE:HPI) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be given a dividend of 0.1235 per share on Monday, March 31st. This represents a $1.48 annualized dividend and a dividend yield of 8.77%. The ex-dividend date of this dividend is Thursday, March 13th.

John Hancock Preferred Income Fund Price Performance

Shares of NYSE HPI traded down $0.17 during midday trading on Tuesday, hitting $16.90. 74,122 shares of the company’s stock were exchanged, compared to its average volume of 43,601. The firm’s fifty day simple moving average is $17.10 and its 200-day simple moving average is $17.58. John Hancock Preferred Income Fund has a twelve month low of $15.26 and a twelve month high of $19.43.

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.