John Hancock Preferred Income Fund II (NYSE:HPF) Plans Dividend Increase – $0.12 Per Share

John Hancock Preferred Income Fund II (NYSE:HPF) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Investors of record on Thursday, July 11th will be given 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 8.79%. The ex-dividend date of this dividend is Thursday, July 11th. This is an increase from John Hancock Preferred Income Fund II’s previous monthly dividend of $0.12.

John Hancock Preferred Income Fund II Stock Down 1.6 %

John Hancock Preferred Income Fund II stock opened at $16.86 on Wednesday. The company has a fifty day simple moving average of $17.06 and a 200-day simple moving average of $16.55. John Hancock Preferred Income Fund II has a 12-month low of $12.99 and a 12-month high of $17.78.

About John Hancock Preferred Income Fund II

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.