John Hancock Preferred Income Fund III (NYSE:HPS) to Issue Monthly Dividend of $0.11

John Hancock Preferred Income Fund III (NYSE:HPS) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Monday, May 13th will be given a dividend of 0.11 per share on Friday, May 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date of this dividend is Friday, May 10th.

John Hancock Preferred Income Fund III Stock Performance

HPS opened at $15.49 on Thursday. John Hancock Preferred Income Fund III has a 12 month low of $11.79 and a 12 month high of $15.75. The stock’s 50 day moving average price is $15.16 and its 200 day moving average price is $14.29.

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.