John Hancock Preferred Income Fund (HPI) to Issue Monthly Dividend of $0.12 on May 31st

John Hancock Preferred Income Fund (NYSE:HPI) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Investors 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 8.79%. The ex-dividend date is Friday, May 10th.

John Hancock Preferred Income Fund Stock Performance

NYSE:HPI opened at $16.80 on Wednesday. John Hancock Preferred Income Fund has a 12-month low of $12.85 and a 12-month high of $16.98. The company’s 50-day moving average is $16.33 and its two-hundred day moving average is $15.62.

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.