John Hancock Premium Dividend Fund (NYSE:PDT) to Issue Monthly Dividend of $0.08

John Hancock Premium Dividend Fund (NYSE:PDT) announced a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Investors of record on Thursday, March 13th will be given a dividend of 0.0825 per share by the real estate investment trust on Monday, March 31st. This represents a $0.99 dividend on an annualized basis and a yield of 7.73%. The ex-dividend date is Thursday, March 13th.

John Hancock Premium Dividend Fund has decreased its dividend payment by an average of 5.4% annually over the last three years.

John Hancock Premium Dividend Fund Stock Performance

Shares of PDT stock traded down $0.15 during trading hours on Tuesday, reaching $12.82. 121,080 shares of the company’s stock were exchanged, compared to its average volume of 106,031. John Hancock Premium Dividend Fund has a fifty-two week low of $10.65 and a fifty-two week high of $13.55. The stock’s 50 day moving average is $12.79 and its 200-day moving average is $12.93.

John Hancock Premium Dividend Fund Company Profile

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.