John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) declared a monthly dividend on Tuesday, September 2nd, Wall Street Journal reports. Shareholders of record on Friday, September 12th will be paid a dividend of 0.0825 per share by the real estate investment trust on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Friday, September 12th.
John Hancock Premium Dividend Fund Stock Up 0.4%
Shares of NYSE PDT traded up $0.06 during midday trading on Monday, reaching $13.41. 115,622 shares of the company traded hands, compared to its average volume of 116,714. The stock's 50-day simple moving average is $13.32 and its 200-day simple moving average is $12.94. John Hancock Premium Dividend Fund has a 12 month low of $11.41 and a 12 month high of $13.55.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. lifted its holdings in shares of John Hancock Premium Dividend Fund by 6.7% during the first quarter. Invesco Ltd. now owns 671,026 shares of the real estate investment trust's stock valued at $8,777,000 after acquiring an additional 42,234 shares during the period. Wolverine Asset Management LLC bought a new position in shares of John Hancock Premium Dividend Fund during the first quarter valued at $708,000. Cornerstone Advisors LLC bought a new position in shares of John Hancock Premium Dividend Fund during the first quarter valued at $2,660,000. Cetera Investment Advisers lifted its holdings in shares of John Hancock Premium Dividend Fund by 3.5% during the first quarter. Cetera Investment Advisers now owns 50,578 shares of the real estate investment trust's stock valued at $662,000 after acquiring an additional 1,713 shares during the period. Finally, Brookwood Investment Group LLC bought a new position in shares of John Hancock Premium Dividend Fund during the first quarter valued at $392,000. 12.98% of the stock is owned by institutional investors.
About John Hancock Premium Dividend Fund
(
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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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