John Hancock Premium Dividend Fund (NYSE:PDT) is a closed-end management investment company designed to provide investors with a high level of current income, with capital appreciation as a secondary objective. Launched in February 2001, the fund employs leverage and seeks to enhance yield by investing primarily in dividend-paying equity securities of U.S. and non-U.S. companies. Through its use of preferred stocks, common stocks, real estate investment trusts (REITs) and equity-related securities, the fund aims to generate consistent monthly distributions.
The fund’s investment strategy centers on identifying companies with strong balance sheets, stable cash flows and a history of dividend growth. Its portfolio typically includes a diversified mix of large-cap U.S. corporates, financial issuers and select foreign equities that offer attractive dividend yields. To complement its equity holdings, the fund may also allocate to U.S. government and investment-grade corporate debt securities, enhancing overall portfolio stability and income potential.
As part of the John Hancock Funds family, PDT benefits from the research capabilities and global resources of Manulife Investment Management. The fund’s management team combines fundamental equity analysis with rigorous credit evaluation to balance income generation and risk control. Over its history, the fund has navigated varied market conditions, leveraging its flexible mandate to adjust sector and regional exposures in response to shifting economic trends.
Headquartered in Boston, Massachusetts, John Hancock Premium Dividend Fund serves a broad range of investors, including individuals seeking regular income and institutions pursuing yield enhancement. The fund’s experienced leadership team, supported by a dedicated network of research analysts, continues to refine its approach in pursuit of sustainable income and long-term capital growth.
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