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

John Hancock Preferred Income Fund III (NYSE:HPS) declared a monthly dividend on Monday, February 2nd. Shareholders of record on Thursday, February 12th will be paid a dividend of 0.11 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 9.0%. The ex-dividend date is Thursday, February 12th.

John Hancock Preferred Income Fund III Trading Up 0.4%

HPS traded up $0.07 on Tuesday, hitting $14.65. 11,170 shares of the company’s stock were exchanged, compared to its average volume of 62,550. John Hancock Preferred Income Fund III has a fifty-two week low of $13.08 and a fifty-two week high of $15.68. The firm has a 50-day moving average price of $14.57 and a 200-day moving average price of $14.86.

John Hancock Preferred Income Fund III Company Profile

John Hancock Preferred Income Fund III (NYSE:HPS) is a publicly traded, closed-end management investment company that seeks to provide a high level of current income. The fund offers investors access to a diversified portfolio of income-producing securities, with a primary focus on preferred stocks and similar instruments. As a closed-end fund, HPS issues a fixed number of shares that trade on the New York Stock Exchange, allowing investors to participate in its income strategy through the open market.

The fund pursues its objective by investing primarily in preferred securities of U.S.