John Hancock Tax-Advantaged Dividend Income Fund Plans Monthly Dividend of $0.16 (NYSE:HTD)

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) declared a monthly dividend on Monday, February 2nd. Stockholders of record on Thursday, February 12th will be paid a dividend of 0.158 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Thursday, February 12th.

John Hancock Tax-Advantaged Dividend Income Fund Trading Down 0.5%

Shares of NYSE:HTD opened at $24.56 on Tuesday. John Hancock Tax-Advantaged Dividend Income Fund has a 52-week low of $20.31 and a 52-week high of $25.21. The company has a fifty day moving average of $23.99 and a 200-day moving average of $24.34.

Institutional Trading of John Hancock Tax-Advantaged Dividend Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in HTD. Ameriflex Group Inc. boosted its position in John Hancock Tax-Advantaged Dividend Income Fund by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 1,000 shares of the company’s stock worth $25,000 after buying an additional 500 shares during the period. Global Wealth Strategies & Associates acquired a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 4th quarter valued at approximately $34,000. Assetmark Inc. raised its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 445.0% during the fourth quarter. Assetmark Inc. now owns 1,526 shares of the company’s stock valued at $36,000 after acquiring an additional 1,246 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund during the first quarter worth $48,000. Finally, First Horizon Corp acquired a new position in shares of John Hancock Tax-Advantaged Dividend Income Fund during the third quarter worth $61,000.

About John Hancock Tax-Advantaged Dividend Income Fund

John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) is a closed-end management investment company sponsored by John Hancock Investment Management, a division of Manulife Investment Management. The fund seeks to provide investors with tax-advantaged monthly income and the potential for capital appreciation by investing in a diversified portfolio of dividend-paying equities and taxable debt securities. It trades on the New York Stock Exchange under the ticker HTD and is structured to offer enhanced income opportunities compared to traditional equity or bond portfolios.

The fund’s primary investment strategy combines equity and fixed-income exposure.