John Hancock Preferred Income Fund III to Issue Monthly Dividend of $0.11 (NYSE:HPS)

John Hancock Preferred Income Fund III (NYSE:HPS) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Investors of record on Monday, January 13th will be paid a dividend of 0.11 per share on Friday, January 31st. This represents a $1.32 annualized dividend and a yield of 8.70%. The ex-dividend date of this dividend is Monday, January 13th.

John Hancock Preferred Income Fund III Stock Performance

John Hancock Preferred Income Fund III stock traded up $0.07 on Friday, hitting $15.18. 50,152 shares of the stock traded hands, compared to its average volume of 43,326. The business’s fifty day simple moving average is $15.52 and its 200 day simple moving average is $16.02. John Hancock Preferred Income Fund III has a 1 year low of $14.21 and a 1 year high of $17.25.

About John Hancock Preferred Income Fund III

John Hancock Preferred Income Fund III 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.