John Hancock Preferred Income Fund (HPI) To Go Ex-Dividend on March 13th

John Hancock Preferred Income Fund (NYSE:HPI) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Shareholders of record on Thursday, March 13th will be paid a dividend of 0.1235 per share on Monday, March 31st. This represents a $1.48 dividend on an annualized basis and a yield of 8.92%. The ex-dividend date is Thursday, March 13th.

John Hancock Preferred Income Fund Stock Down 1.2 %

HPI stock opened at $16.62 on Tuesday. John Hancock Preferred Income Fund has a one year low of $15.26 and a one year high of $19.43. The firm’s 50 day moving average price is $17.13 and its 200-day moving average price is $17.57.

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.