John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.73 and traded as high as $12.75. John Hancock Premium Dividend Fund shares last traded at $12.68, with a volume of 100,813 shares changing hands.
John Hancock Premium Dividend Fund Stock Performance
The company's 50-day simple moving average is $12.58 and its 200-day simple moving average is $12.73.
John Hancock Premium Dividend Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 12th will be issued a dividend of $0.0825 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.99 annualized dividend and a yield of 7.81%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Ausdal Financial Partners Inc. boosted its stake in shares of John Hancock Premium Dividend Fund by 1.7% during the 4th quarter. Ausdal Financial Partners Inc. now owns 57,932 shares of the real estate investment trust's stock worth $738,000 after acquiring an additional 983 shares in the last quarter. Sound Income Strategies LLC boosted its position in John Hancock Premium Dividend Fund by 112.3% during the fourth quarter. Sound Income Strategies LLC now owns 1,923 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 1,017 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in John Hancock Premium Dividend Fund by 11.2% in the fourth 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 last quarter. Pathway Financial Advisers LLC increased its position in shares of John Hancock Premium Dividend Fund by 0.6% in the fourth quarter. Pathway Financial Advisers LLC now owns 222,209 shares of the real estate investment trust's stock valued at $2,831,000 after buying an additional 1,428 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of John Hancock Premium Dividend Fund by 8.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,749 shares of the real estate investment trust's stock worth $258,000 after buying an additional 1,614 shares during the last quarter. Hedge funds and other institutional investors own 12.98% of the company's stock.
About John Hancock Premium Dividend Fund
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider John Hancock Premium Dividend Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and John Hancock Premium Dividend Fund wasn't on the list.
While John Hancock Premium Dividend Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
