John Hancock Premium Dividend Fund (NYSE:PDT) Declares Monthly Dividend of $0.08

Key Points

• John Hancock Premium Dividend Fund (NYSE:PDT) has declared a monthly dividend of $0.08, with the payment being made to stockholders on October 31st.
• The fund's dividend yield stands at 7.4%, with the ex-dividend date set for October 14th.
• Institutional investors currently hold 12.98% of the stock, with several large acquisitions noted in recent quarters, underscoring growing interest in the fund.

John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) announced a monthly dividend on Wednesday, October 1st. Stockholders of record on Tuesday, October 14th will be paid a dividend of 0.0825 per share by the real estate investment trust on Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Tuesday, October 14th.

John Hancock Premium Dividend Fund Trading Up 0.8%

Shares of NYSE:PDT opened at $13.45 on Thursday. John Hancock Premium Dividend Fund has a one year low of $11.41 and a one year high of $13.55. The stock has a fifty day moving average of $13.36 and a 200-day moving average of $13.01.

Institutional Trading of John Hancock Premium Dividend Fund

Large investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new stake in John Hancock Premium Dividend Fund during the 1st quarter valued at $42,000. Nomura Holdings Inc. acquired a new stake in John Hancock Premium Dividend Fund during the 2nd quarter valued at $132,000. Walled Lake Planning & Wealth Management LLC acquired a new stake in John Hancock Premium Dividend Fund during the 2nd quarter valued at $175,000. Wealth Enhancement Advisory Services LLC raised its stake in John Hancock Premium Dividend Fund by 11.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,903 shares of the real estate investment trust's stock valued at $177,000 after purchasing an additional 1,400 shares during the period. Finally, Landscape Capital Management L.L.C. raised its stake in John Hancock Premium Dividend Fund by 43.3% during the 1st quarter. Landscape Capital Management L.L.C. now owns 16,406 shares of the real estate investment trust's stock valued at $215,000 after purchasing an additional 4,958 shares during the period. 12.98% of the stock is owned by institutional investors and hedge funds.

John Hancock Premium Dividend Fund Company Profile

John Hancock Premium Dividend Fund is a closed ended equity mutual fund launched and managed by John Hancock Investment Management 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.

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