John Hancock Preferred Income Fund III (NYSE:HPS) announced a monthly dividend on Tuesday, October 1st, Zacks reports. Stockholders of record on Friday, October 11th will be paid a dividend of 0.11 per share on Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date of this dividend is Thursday, October 10th.
John Hancock Preferred Income Fund III has raised its dividend by an average of 2.9% per year over the last three years.
NYSE HPS opened at $19.14 on Wednesday. The company’s 50 day simple moving average is $19.40 and its 200 day simple moving average is $19.11. John Hancock Preferred Income Fund III has a 12 month low of $14.53 and a 12 month high of $20.17.
John Hancock Preferred Income Fund III is a closed ended fixed income mutual fund launched and managed by John Hancock Advisers, LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.
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