John Hancock Preferred Income Fund (NYSE:HPI) Announces Dividend Increase – $0.12 Per Share

John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Stockholders of record on Thursday, December 12th will be paid a dividend of 0.1235 per share on Thursday, December 19th. This represents a $1.48 annualized dividend and a dividend yield of 6.74%. The ex-dividend date is Wednesday, December 11th. This is a positive change from John Hancock Preferred Income Fund’s previous monthly dividend of $0.12.

John Hancock Preferred Income Fund stock traded up $0.12 during midday trading on Wednesday, reaching $22.00. The stock had a trading volume of 85,748 shares, compared to its average volume of 68,742. John Hancock Preferred Income Fund has a 52-week low of $17.02 and a 52-week high of $24.44. The company has a fifty day moving average of $22.63 and a 200 day moving average of $23.25.

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.

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Dividend History for John Hancock Preferred Income Fund (NYSE:HPI)

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