John Hancock Patriot Premium Div Fund II (NYSE:PDT) announced a special dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Monday, December 11th will be given a dividend of 0.524 per share by the real estate investment trust on Monday, December 18th. This represents a dividend yield of 6.78%. The ex-dividend date of this dividend is Friday, December 8th. This is a positive change from John Hancock Patriot Premium Div Fund II’s previous special dividend of $0.34.
John Hancock Patriot Premium Div Fund II has raised its dividend by an average of 4.4% per year over the last three years.
John Hancock Patriot Premium Div Fund II (PDT) traded down $0.01 during mid-day trading on Monday, hitting $17.26. The company had a trading volume of 111,645 shares, compared to its average volume of 80,693. John Hancock Patriot Premium Div Fund II has a 52-week low of $14.05 and a 52-week high of $17.30.
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John Hancock Patriot Premium Div Fund II Company Profile
John Hancock Premium Dividend Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to provide high current income, consistent with modest growth of capital. The Fund seeks to pursue its objective by investing in a diversified portfolio comprised primarily of dividend paying preferred securities and common equity securities.
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