John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) saw a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 29,300 shares, a decline of 49.1% from the January 31st total of 57,600 shares. Based on an average daily volume of 119,700 shares, the short-interest ratio is presently 0.2 days.
John Hancock Premium Dividend Fund Trading Down 1.1 %
John Hancock Premium Dividend Fund stock traded down $0.14 during mid-day trading on Wednesday, reaching $12.70. 95,843 shares of the company traded hands, compared to its average volume of 105,791. The firm's fifty day moving average is $12.79 and its two-hundred day moving average is $12.94. John Hancock Premium Dividend Fund has a fifty-two week low of $10.65 and a fifty-two week high of $13.55.
John Hancock Premium Dividend Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.0825 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 7.80%.
Institutional Investors Weigh In On John Hancock Premium Dividend Fund
A number of large investors have recently made changes to their positions in PDT. Ausdal Financial Partners Inc. grew its holdings 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 period. Sound Income Strategies LLC raised its holdings in John Hancock Premium Dividend Fund by 112.3% in the 4th quarter. Sound Income Strategies LLC now owns 1,923 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 1,017 shares during the period. Pathway Financial Advisers LLC lifted its position in 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 during the last quarter. Arlington Capital Management Inc. boosted its stake in John Hancock Premium Dividend Fund by 15.2% during the fourth quarter. Arlington Capital Management Inc. now owns 14,426 shares of the real estate investment trust's stock worth $184,000 after buying an additional 1,906 shares during the period. Finally, Bank of America Corp DE increased its position in shares of John Hancock Premium Dividend Fund by 7.3% during the fourth quarter. Bank of America Corp DE now owns 42,512 shares of the real estate investment trust's stock valued at $542,000 after acquiring an additional 2,903 shares during the last quarter. 12.98% of the stock is currently owned by hedge funds and other institutional investors.
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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