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

John Hancock Preferred Income Fund III (NYSE:HPS) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Shareholders 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 is Monday, January 13th.

John Hancock Preferred Income Fund III Stock Up 0.5 %

Shares of NYSE:HPS traded up $0.07 during midday trading on Friday, reaching $15.18. The company’s stock had a trading volume of 50,152 shares, compared to its average volume of 43,326. The firm has a 50 day moving average of $15.52 and a 200-day moving average of $16.02. John Hancock Preferred Income Fund III has a 12-month low of $14.21 and a 12-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.