John Hancock Patriot Premium Div Fund II (NYSE:PDT) announced a monthly dividend on Wednesday, June 5th, Wall Street Journal reports. Stockholders of record on Thursday, June 13th will be given a dividend of 0.0975 per share by the real estate investment trust on Friday, June 28th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date is Wednesday, June 12th.
John Hancock Patriot Premium Div Fund II has raised its dividend by an average of 6.7% per year over the last three years.
Shares of PDT traded up $0.03 during mid-day trading on Friday, reaching $16.96. 90,500 shares of the stock traded hands, compared to its average volume of 70,991. The firm has a fifty day moving average of $16.80. John Hancock Patriot Premium Div Fund II has a 12-month low of $12.98 and a 12-month high of $17.00.
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: Correction
Receive News & Ratings for John Hancock Patriot Premium Div Fund II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Hancock Patriot Premium Div Fund II and related companies with MarketBeat.com's FREE daily email newsletter.