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 Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be paid a dividend of 0.11 per share on Monday, March 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date of this dividend is Thursday, March 13th.

John Hancock Preferred Income Fund III Trading Down 1.0 %

NYSE HPS opened at $15.17 on Wednesday. The business’s 50-day moving average price is $15.07 and its 200 day moving average price is $15.78. John Hancock Preferred Income Fund III has a twelve month low of $14.09 and a twelve month 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.