John Hancock Preferred Income Fund II (NYSE:HPF) Announces $0.12 Monthly Dividend

John Hancock Preferred Income Fund II (NYSE:HPF) declared a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Investors 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 8.80%. The ex-dividend date is Thursday, March 13th.

John Hancock Preferred Income Fund II Stock Performance

Shares of HPF traded down $0.13 during midday trading on Tuesday, hitting $16.84. 51,059 shares of the stock traded hands, compared to its average volume of 43,362. The business’s 50 day moving average price is $16.82 and its two-hundred day moving average price is $17.32. John Hancock Preferred Income Fund II has a 1-year low of $15.39 and a 1-year high of $19.00.

John Hancock Preferred Income Fund II Company Profile

John Hancock Preferred Income Fund II is a closed ended fixed income 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 fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.