John Hancock Preferred Income Fund (NYSE:HPI) Declares Monthly Dividend of $0.12

John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Monday, December 23rd,Wall Street Journal reports. Shareholders of record on Monday, December 30th will be paid a dividend of 0.1235 per share on Friday, January 31st. This represents a $1.48 dividend on an annualized basis and a yield of 9.05%. The ex-dividend date of this dividend is Monday, December 30th.

John Hancock Preferred Income Fund Stock Performance

Shares of HPI traded down $0.13 during mid-day trading on Monday, hitting $16.37. The company’s stock had a trading volume of 66,431 shares, compared to its average volume of 52,005. The firm has a 50-day moving average price of $17.65 and a 200 day moving average price of $17.52. John Hancock Preferred Income Fund has a fifty-two week low of $15.26 and a fifty-two week high of $19.43.

John Hancock Preferred Income Fund Company Profile

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.