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

John Hancock Preferred Income Fund (NYSE:HPI) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Monday, May 13th will be given a dividend of 0.123 per share on Friday, May 31st. This represents a $1.48 dividend on an annualized basis and a yield of 8.83%. The ex-dividend date of this dividend is Friday, May 10th.

John Hancock Preferred Income Fund Price Performance

NYSE HPI opened at $16.71 on Thursday. The business has a fifty day simple moving average of $16.34 and a 200 day simple moving average of $15.63. John Hancock Preferred Income Fund has a 12 month low of $12.85 and a 12 month high of $16.98.

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.