Shares of John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.71 and traded as high as $12.77. John Hancock Premium Dividend Fund shares last traded at $12.52, with a volume of 184,422 shares.
John Hancock Premium Dividend Fund Stock Performance
The company's 50 day moving average price is $12.57 and its 200-day moving average price is $12.71.
John Hancock Premium Dividend Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.0825 per share. The ex-dividend date is Monday, May 12th. This represents a $0.99 annualized dividend and a dividend yield of 7.77%.
Institutional Investors Weigh In On John Hancock Premium Dividend Fund
Large investors have recently modified their holdings of the stock. LPL Financial LLC increased its stake in shares of John Hancock Premium Dividend Fund by 71.1% during the 4th quarter. LPL Financial LLC now owns 402,034 shares of the real estate investment trust's stock worth $5,122,000 after purchasing an additional 167,125 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of John Hancock Premium Dividend Fund during the 4th quarter worth approximately $425,000. Landscape Capital Management L.L.C. purchased a new stake in shares of John Hancock Premium Dividend Fund during the 4th quarter worth approximately $146,000. Ausdal Financial Partners Inc. increased 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 purchasing an additional 983 shares during the last quarter. Finally, Arlington Capital Management Inc. increased its stake in shares of John Hancock Premium Dividend Fund by 15.2% during the 4th quarter. Arlington Capital Management Inc. now owns 14,426 shares of the real estate investment trust's stock worth $184,000 after purchasing an additional 1,906 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
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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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