John Hancock Preferred Income Fund III (HPS) to Issue Monthly Dividend of $0.11 on February 28th

John Hancock Preferred Income Fund III (NYSE:HPS) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders of record on Thursday, February 13th will be paid a dividend of 0.11 per share on Friday, February 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.59%. The ex-dividend date of this dividend is Thursday, February 13th.

John Hancock Preferred Income Fund III Trading Up 0.6 %

Shares of HPS stock opened at $15.38 on Tuesday. The stock has a 50 day simple moving average of $15.05 and a two-hundred day simple moving average of $15.84. John Hancock Preferred Income Fund III has a fifty-two week low of $14.09 and a fifty-two week high of $17.25.

John Hancock Preferred Income Fund III Company Profile

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.