John Hancock Patriot Premium Div Fund II (NYSE:PDT) announced a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Investors of record on Monday, May 13th will be given a dividend of 0.0975 per share by the real estate investment trust on Friday, May 31st. This represents a $1.17 annualized dividend and a dividend yield of 7.04%. The ex-dividend date of this dividend is Friday, May 10th.
John Hancock Patriot Premium Div Fund II has increased its dividend payment by an average of 6.7% annually over the last three years.
Shares of PDT stock traded down $0.16 on Friday, hitting $16.61. 72,500 shares of the stock traded hands, compared to its average volume of 71,069. John Hancock Patriot Premium Div Fund II has a 1-year low of $12.98 and a 1-year high of $17.00.
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John Hancock Premium Dividend Fund is a closed ended equity mutual fund launched and managed by John Hancock Advisers, LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector.
Further Reading: How can investors find ex-dividend dates?
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