John Hancock Preferred Income Fund (NYSE:HPI) Raises Dividend to $0.12 Per Share

John Hancock Preferred Income Fund (NYSE:HPI) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Investors of record on Thursday, July 11th will be paid a dividend of 0.1235 per share on Wednesday, July 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.80%. The ex-dividend date is Thursday, July 11th. This is an increase from John Hancock Preferred Income Fund’s previous monthly dividend of $0.12.

John Hancock Preferred Income Fund Price Performance

HPI stock traded up $0.20 during midday trading on Tuesday, hitting $16.84. The stock had a trading volume of 44,105 shares, compared to its average volume of 56,169. The business has a 50-day moving average of $16.61 and a two-hundred day moving average of $16.24. John Hancock Preferred Income Fund has a 52-week low of $12.85 and a 52-week high of $17.17.

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.