John Hancock Pref. Income Fund II (NYSE:HPF) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Stockholders of record on Thursday, December 12th will be given a dividend of 0.1235 per share on Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 6.91%. The ex-dividend date is Wednesday, December 11th. This is a boost from John Hancock Pref. Income Fund II’s previous monthly dividend of $0.12.
Shares of HPF stock traded up $0.07 during trading hours on Wednesday, hitting $21.46. The company’s stock had a trading volume of 29,702 shares, compared to its average volume of 37,297. The company has a 50 day moving average of $21.98 and a 200 day moving average of $22.66. John Hancock Pref. Income Fund II has a 12-month low of $17.26 and a 12-month high of $23.82.
About John Hancock Pref. Income Fund II
John Hancock Preferred Income Fund II is a closed ended fixed income mutual fund launched and managed by John Hancock Advisers, 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.
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