John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) announced a monthly dividend on Monday, April 1st, investing.com reports. Shareholders of record on Thursday, April 11th will be paid a dividend of 0.0825 per share by the real estate investment trust on Tuesday, April 30th. This represents a $0.99 dividend on an annualized basis and a yield of 8.51%. The ex-dividend date is Wednesday, April 10th.
John Hancock Premium Dividend Fund has decreased its dividend by an average of 2.6% annually over the last three years.
John Hancock Premium Dividend Fund Stock Performance
PDT traded down $0.02 on Wednesday, reaching $11.64. 75,434 shares of the company traded hands, compared to its average volume of 143,411. The stock's 50 day moving average price is $11.31 and its 200-day moving average price is $10.59. John Hancock Premium Dividend Fund has a 52-week low of $8.77 and a 52-week high of $13.05.
Institutional Trading of John Hancock Premium Dividend Fund
Institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its position in John Hancock Premium Dividend Fund by 4.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 49,056 shares of the real estate investment trust's stock valued at $805,000 after acquiring an additional 2,306 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of John Hancock Premium Dividend Fund by 15.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 51,058 shares of the real estate investment trust's stock valued at $838,000 after purchasing an additional 6,971 shares in the last quarter. Invesco Ltd. boosted its holdings in John Hancock Premium Dividend Fund by 1.2% in the first quarter. Invesco Ltd. now owns 332,495 shares of the real estate investment trust's stock worth $5,456,000 after purchasing an additional 3,901 shares in the last quarter. Royal Bank of Canada boosted its holdings in John Hancock Premium Dividend Fund by 18.8% in the first quarter. Royal Bank of Canada now owns 74,783 shares of the real estate investment trust's stock worth $1,227,000 after purchasing an additional 11,846 shares in the last quarter. Finally, UBS Group AG increased its position in John Hancock Premium Dividend Fund by 11.7% during the second quarter. UBS Group AG now owns 35,841 shares of the real estate investment trust's stock worth $503,000 after buying an additional 3,755 shares during the last quarter. Institutional investors and hedge funds own 12.98% of the company's stock.
John Hancock Premium Dividend Fund Company Profile
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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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