John Hancock Premium Dividend Fund (NYSE:PDT – Get Free Report) announced a monthly dividend on Monday, June 1st. Shareholders of record on Thursday, June 11th will be given a dividend of 0.0825 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Thursday, June 11th.
John Hancock Premium Dividend Fund Price Performance
John Hancock Premium Dividend Fund stock opened at $12.73 on Tuesday. John Hancock Premium Dividend Fund has a fifty-two week low of $12.53 and a fifty-two week high of $13.65. The stock’s fifty day moving average is $13.04 and its two-hundred day moving average is $13.01.
Institutional Trading of John Hancock Premium Dividend Fund
Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of John Hancock Premium Dividend Fund by 96,097.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,755,098 shares of the real estate investment trust’s stock valued at $34,990,000 after acquiring an additional 2,752,234 shares during the last quarter. Wolverine Asset Management LLC raised its holdings in shares of John Hancock Premium Dividend Fund by 2,093.1% in the 4th quarter. Wolverine Asset Management LLC now owns 260,103 shares of the real estate investment trust’s stock worth $3,303,000 after purchasing an additional 248,243 shares during the period. 1607 Capital Partners LLC purchased a new position in shares of John Hancock Premium Dividend Fund in the 4th quarter worth about $2,708,000. ORG Partners LLC purchased a new stake in shares of John Hancock Premium Dividend Fund during the 4th quarter valued at about $1,524,000. Finally, Absolute Investment Advisers LLC purchased a new stake in shares of John Hancock Premium Dividend Fund during the 1st quarter valued at about $1,145,000. Institutional investors and hedge funds own 12.98% of the company’s stock.
About John Hancock Premium Dividend Fund
The John Hancock Premium Dividend Fund (NYSE:PDT) is a publicly traded, closed-end management investment company designed to deliver high current income and potential capital growth. The fund’s core strategy centers on dividend-paying and income-producing securities, combining equity and fixed-income instruments to achieve a balanced risk-return profile.
Managed by John Hancock Investment Management (US) LLC, a subsidiary of Manulife Financial Corporation, the fund primarily allocates assets to dividend-paying common stocks and preferred stocks of U.S.
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