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

John Hancock Preferred Income Fund (NYSE:HPI) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Thursday, February 13th will be paid a dividend of 0.1235 per share on Friday, February 28th. This represents a $1.48 annualized dividend and a yield of 8.54%. The ex-dividend date is Thursday, February 13th.

John Hancock Preferred Income Fund Stock Up 0.3 %

Shares of HPI traded up $0.06 during trading hours on Tuesday, reaching $17.36. 28,948 shares of the company traded hands, compared to its average volume of 44,602. The stock’s fifty day moving average price is $16.98 and its 200 day moving average price is $17.53. John Hancock Preferred Income Fund has a 12-month low of $15.26 and a 12-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.