John Hancock Preferred Income Fund Announces Monthly Dividend of $0.1235
The John Hancock Preferred Income Fund (NYSE: HPI) has declared a monthly dividend of $0.1235 per share, representing an annualized forward yield of 10.66%. The dividend is payable on October 30 to shareholders of record as of October 13, with the ex-dividend date also set for October 13. The fund's high yield may attract income-focused investors seeking regular returns in a low-interest-rate environment. However, some analysts have raised concerns about HPI’s ability to sustain attractive real returns given its exposure and fiscal challenges. The announcement provides an opportunity for shareholders to assess the stability of future payouts based on historical performance data. Investors are advised to review the fund's dividend scorecard and yield chart before making investment decisions.
Topics: dividend income fund