John Hancock Premium Dividend Fund (NYSE:PDT) Announces $0.08 Monthly Dividend

John Hancock Premium Dividend Fund (NYSE:PDT) declared a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Shareholders of record on Monday, May 13th will be given a dividend of 0.0825 per share by the real estate investment trust on Friday, May 31st. This represents a $0.99 dividend on an annualized basis and a yield of 8.44%. The ex-dividend date of this dividend is Friday, May 10th.

John Hancock Premium Dividend Fund has decreased its dividend by an average of 2.6% annually over the last three years.

John Hancock Premium Dividend Fund Stock Performance

Shares of PDT traded up $0.21 during mid-day trading on Friday, reaching $11.73. 126,869 shares of the company’s stock traded hands, compared to its average volume of 133,536. The business’s 50-day moving average price is $11.47 and its 200-day moving average price is $10.83. John Hancock Premium Dividend Fund has a 12 month low of $8.77 and a 12 month high of $12.45.

John Hancock Premium Dividend Fund Company Profile

John Hancock Premium Dividend Fund is a closed ended equity 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 markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector.