John Hancock Premium Dividend Fund (NYSE:PDT) Sets New 12-Month Low – What’s Next?

John Hancock Premium Dividend Fund (NYSE:PDTGet Free Report) shares hit a new 52-week low on Thursday . The company traded as low as $12.35 and last traded at $12.4110, with a volume of 142112 shares traded. The stock had previously closed at $12.50.

John Hancock Premium Dividend Fund Price Performance

The business’s 50 day simple moving average is $12.78 and its 200 day simple moving average is $12.96.

John Hancock Premium Dividend Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be issued a $0.0883 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend is Friday, September 11th.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of PDT. SHP Wealth Management bought a new stake in John Hancock Premium Dividend Fund in the fourth quarter valued at approximately $27,000. Advisory Services Network LLC bought a new position in shares of John Hancock Premium Dividend Fund during the 3rd quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of John Hancock Premium Dividend Fund by 43.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,864 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 864 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in John Hancock Premium Dividend Fund by 36.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 889 shares during the period. Finally, Ameriflex Group Inc. raised its stake in John Hancock Premium Dividend Fund by 324.6% in the 4th quarter. Ameriflex Group Inc. now owns 4,246 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 3,246 shares during the period. Institutional investors own 12.98% of the company’s stock.

About John Hancock Premium Dividend Fund

(Get Free Report)

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.

Further Reading

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