John Hancock Preferred Income Fund III (HPS) to Issue Monthly Dividend of $0.11 on March 31st

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 given a dividend of 0.11 per share on Monday, March 31st. This represents a $1.32 annualized dividend and a dividend yield of 8.70%. The ex-dividend date of this dividend is Thursday, March 13th.

John Hancock Preferred Income Fund III Stock Performance

Shares of John Hancock Preferred Income Fund III stock opened at $15.17 on Wednesday. John Hancock Preferred Income Fund III has a 1 year low of $14.09 and a 1 year high of $17.25. The business has a 50 day moving average price of $15.07 and a 200 day moving average price of $15.78.

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.