John Hancock Preferred Income Fund (NYSE:HPI) to Issue $0.12 Monthly Dividend

John Hancock Preferred Income Fund (NYSE:HPI) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 8.77%. The ex-dividend date is Thursday, March 13th.

John Hancock Preferred Income Fund Price Performance

HPI stock opened at $16.90 on Wednesday. The stock’s 50 day simple moving average is $17.10 and its 200 day simple moving average is $17.58. John Hancock Preferred Income Fund has a 12-month low of $15.26 and a 12-month high of $19.43.

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.