John Hancock Investors Trust (NYSE:JHI) Announces Quarterly Dividend of $0.29

Key Points

• John Hancock Investors Trust declared a quarterly dividend of $0.294 per share, payable September 30 to shareholders of record on September 11. The dividend implies an annualized yield of approximately 8.9%.
• JHI shares opened at $13.21, compared with a 52-week range of $12.50 to $14.51; the 50-day and 200-day moving averages were $13.29 and $13.33, respectively.
• Institutional investors increased their positions in the trust, which is held 27.01% by hedge funds and other institutional shareholders.

John Hancock Investors Trust (NYSE:JHI - Get Free Report) announced a quarterly dividend on Tuesday, September 1st. Investors of record on Friday, September 11th will be paid a dividend of 0.294 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Friday, September 11th.

John Hancock Investors Trust Price Performance

Shares of John Hancock Investors Trust stock opened at $13.21 on Wednesday. John Hancock Investors Trust has a 1 year low of $12.50 and a 1 year high of $14.51. The company's fifty day moving average is $13.29 and its two-hundred day moving average is $13.33.

Hedge Funds Weigh In On John Hancock Investors Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in JHI. Bank of America Corp DE grew its stake in shares of John Hancock Investors Trust by 2.6% in the 1st quarter. Bank of America Corp DE now owns 33,545 shares of the financial services provider's stock valued at $433,000 after purchasing an additional 863 shares during the last quarter. Aviance Capital Partners LLC boosted its position in shares of John Hancock Investors Trust by 3.9% during the 4th quarter. Aviance Capital Partners LLC now owns 35,696 shares of the financial services provider's stock worth $488,000 after purchasing an additional 1,340 shares in the last quarter. Riverbridge Partners LLC lifted its position in shares of John Hancock Investors Trust by 4.0% during the 1st quarter. Riverbridge Partners LLC now owns 47,763 shares of the financial services provider's stock valued at $617,000 after acquiring an additional 1,855 shares during the period. Invesco Ltd. increased its position in shares of John Hancock Investors Trust by 5.1% in the second quarter. Invesco Ltd. now owns 75,480 shares of the financial services provider's stock valued at $1,045,000 after buying an additional 3,689 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of John Hancock Investors Trust by 100.0% during the 3rd quarter. Raymond James Financial Inc. now owns 10,000 shares of the financial services provider's stock worth $140,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 27.01% of the company's stock.

John Hancock Investors Trust Company Profile

John Hancock Investors Trust NYSE: JHI is a closed-end management investment company that offers investors access to a diversified portfolio of global securities. Established in 1929, the trust seeks to combine long-term capital growth with income generation through active portfolio management. Shares of the fund trade on the New York Stock Exchange, providing investors with the liquidity of an exchange-traded security alongside the diversification benefits of a professionally managed fund structure.

The fund's investment strategy emphasizes a multi-asset approach, allocating capital across global equities, fixed-income instruments and convertible securities.

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