John Hancock Preferred Income Fund (HPI) To Go Ex-Dividend on February 9th

John Hancock Preferred Income Fund (NYSE:HPIGet Free Report) announced a monthly dividend on Thursday, February 1st, investing.com reports. Stockholders of record on Monday, February 12th will be paid a dividend of 0.1235 per share on Thursday, February 29th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.26%. The ex-dividend date is Friday, February 9th.

John Hancock Preferred Income Fund Trading Up 0.7 %

Shares of NYSE:HPI opened at $16.01 on Wednesday. John Hancock Preferred Income Fund has a 1 year low of $12.85 and a 1 year high of $17.59. The stock has a 50-day simple moving average of $15.53 and a 200-day simple moving average of $14.96.

Hedge Funds Weigh In On John Hancock Preferred Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of John Hancock Preferred Income Fund by 549.4% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,000 shares of the company’s stock valued at $38,000 after acquiring an additional 1,692 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of John Hancock Preferred Income Fund during the 1st quarter valued at approximately $103,000. PNC Financial Services Group Inc. raised its position in shares of John Hancock Preferred Income Fund by 21.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,432 shares of the company’s stock valued at $135,000 after acquiring an additional 1,465 shares in the last quarter. International Assets Investment Management LLC bought a new position in John Hancock Preferred Income Fund during the 4th quarter worth $236,000. Finally, Raymond James & Associates grew its stake in John Hancock Preferred Income Fund by 4.9% during the 4th quarter. Raymond James & Associates now owns 18,773 shares of the company’s stock worth $301,000 after buying an additional 870 shares during the last quarter.

About John Hancock Preferred Income Fund

(Get Free Report)

John Hancock Preferred Income Fund is a closed ended balanced 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 public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.

Featured Stories

Dividend History for John Hancock Preferred Income Fund (NYSE:HPI)

Receive News & Ratings for John Hancock Preferred Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Hancock Preferred Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.