John Hancock Preferred Income Fund to Issue Monthly Dividend of $0.12 (NYSE:HPI)

John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Monday, December 23rd,Wall Street Journal reports. Investors of record on Monday, December 30th will be paid a dividend of 0.1235 per share on Friday, January 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.05%. The ex-dividend date is Monday, December 30th.

John Hancock Preferred Income Fund Stock Down 0.8 %

John Hancock Preferred Income Fund stock traded down $0.13 during trading hours on Monday, hitting $16.37. 66,431 shares of the company traded hands, compared to its average volume of 52,005. John Hancock Preferred Income Fund has a 1-year low of $15.26 and a 1-year high of $19.43. The firm’s 50-day simple moving average is $17.65 and its two-hundred day simple moving average is $17.52.

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.