John Hancock Preferred Income Fund III (NYSE:HPS) to Issue $0.11 Monthly Dividend

John Hancock Preferred Income Fund III (NYSE:HPS) declared a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Stockholders of record on Thursday, December 12th will be paid a dividend of 0.11 per share on Tuesday, December 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date is Wednesday, December 11th.

HPS stock traded down $0.08 during trading hours on Wednesday, hitting $18.86. 115,981 shares of the stock traded hands, compared to its average volume of 63,558. John Hancock Preferred Income Fund III has a one year low of $14.53 and a one year high of $20.17. The stock has a 50-day simple moving average of $19.08 and a 200 day simple moving average of $19.17.

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About John Hancock Preferred Income Fund III

John Hancock Preferred Income Fund III is a closed ended fixed income mutual fund launched and managed by John Hancock Advisers, LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.

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