John Hancock Premium Dividend Fund (NYSE:PDT) Plans $0.08 Monthly Dividend

John Hancock Premium Dividend Fund (NYSE:PDT) announced a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be given a dividend of 0.0825 per share by the real estate investment trust on Monday, March 31st. This represents a $0.99 dividend on an annualized basis and a dividend yield of 7.73%. The ex-dividend date is Thursday, March 13th.

John Hancock Premium Dividend Fund has decreased its dividend by an average of 5.4% annually over the last three years.

John Hancock Premium Dividend Fund Trading Down 1.1 %

Shares of NYSE:PDT traded down $0.15 during midday trading on Tuesday, reaching $12.82. 121,080 shares of the company’s stock traded hands, compared to its average volume of 106,031. The company has a fifty day simple moving average of $12.79 and a two-hundred day simple moving average of $12.93. John Hancock Premium Dividend Fund has a 1 year low of $10.65 and a 1 year high of $13.55.

About John Hancock Premium Dividend Fund

John Hancock Premium Dividend Fund is a closed ended equity 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 markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector.