Press coverage about John Hancock Preferred Income Fund III (NYSE:HPS) has been trending positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. John Hancock Preferred Income Fund III earned a media sentiment score of 0.39 on Accern’s scale. Accern also gave media stories about the company an impact score of 48.5253106829608 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of John Hancock Preferred Income Fund III (HPS) traded down 0.27% during midday trading on Friday, hitting $18.36. 137,326 shares of the stock traded hands. John Hancock Preferred Income Fund III has a 12-month low of $16.25 and a 12-month high of $19.48. The company’s 50 day moving average price is $18.67 and its 200-day moving average price is $18.86.
The company also recently declared a monthly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Thursday, October 12th will be given a dividend of $0.1222 per share. The ex-dividend date of this dividend is Wednesday, October 11th. This represents a $1.47 annualized dividend and a dividend yield of 7.99%.
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John Hancock Preferred Income Fund III Company Profile
John Hancock Preferred Income Fund III is a closed-end management investment company. The Fund seeks to provide a high level of current income consistent with preservation of capital. The Fund’s secondary investment objective is to provide growth of capital to the extent consistent with its primary objective.
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