John Hancock Preferred Income Fund III (NYSE:HPS – Get Free Report) declared a monthly dividend on Monday, June 1st. Shareholders of record on Thursday, June 11th will be paid a dividend of 0.11 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Thursday, June 11th.
John Hancock Preferred Income Fund III Trading Down 0.7%
HPS opened at $14.56 on Tuesday. The firm’s fifty day moving average is $14.47 and its two-hundred day moving average is $14.58. John Hancock Preferred Income Fund III has a twelve month low of $13.80 and a twelve month high of $15.68.
Institutional Investors Weigh In On John Hancock Preferred Income Fund III
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in shares of John Hancock Preferred Income Fund III by 2,816.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,071 shares of the company’s stock valued at $30,000 after acquiring an additional 2,000 shares during the period. Fifth Third Bancorp bought a new position in shares of John Hancock Preferred Income Fund III in the 1st quarter valued at about $92,000. Kestra Advisory Services LLC bought a new position in shares of John Hancock Preferred Income Fund III in the 4th quarter valued at about $92,000. Cherry Creek Investment Advisors Inc. bought a new position in shares of John Hancock Preferred Income Fund III in the 4th quarter valued at about $144,000. Finally, Stratos Wealth Partners LTD. bought a new position in shares of John Hancock Preferred Income Fund III in the 3rd quarter valued at about $159,000.
About John Hancock Preferred Income Fund III
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.
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