John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Thursday, November 1st, NASDAQ reports. Stockholders of record on Tuesday, November 13th will be given a dividend of 0.14 per share on Friday, November 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.83%. The ex-dividend date is Friday, November 9th.
John Hancock Preferred Income Fund has decreased its dividend payment by an average of 2.6% per year over the last three years.
NYSE HPI opened at $21.45 on Thursday. John Hancock Preferred Income Fund has a one year low of $19.73 and a one year high of $22.85.
About John Hancock Preferred Income Fund
John Hancock Preferred Income Fund is a closed ended balanced mutual fund launched and managed by John Hancock Advisers, 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.
Further Reading: Return on Equity (ROE)
Receive News & Ratings for John Hancock Preferred Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Hancock Preferred Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.