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

John Hancock Preferred Income Fund (NYSE:HPI) declared a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Investors of record on Friday, April 11th will be paid a dividend of 0.1235 per share on Wednesday, April 30th. This represents a $1.48 annualized dividend and a yield of 8.90%. The ex-dividend date of this dividend is Friday, April 11th.

John Hancock Preferred Income Fund Stock Performance

NYSE:HPI traded up $0.04 during mid-day trading on Wednesday, hitting $16.65. The company’s stock had a trading volume of 25,735 shares, compared to its average volume of 40,708. 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 has a fifty day moving average of $17.08 and a 200-day moving average of $17.46.

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.