John Hancock Hedged Equity and Income (NYSE:HEQ) announced a quarterly dividend on Monday, March 5th, Wall Street Journal reports. Investors of record on Monday, March 12th will be given a dividend of 0.376 per share by the investment management company on Thursday, March 29th. This represents a $1.50 dividend on an annualized basis and a yield of 9.13%. The ex-dividend date is Friday, March 9th.
John Hancock Hedged Equity and Income has raised its dividend payment by an average of 3.4% annually over the last three years.
Shares of John Hancock Hedged Equity and Income (NYSE HEQ) opened at $16.48 on Friday. John Hancock Hedged Equity and Income has a 12-month low of $15.87 and a 12-month high of $17.95.
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About John Hancock Hedged Equity and Income
John Hancock Hedged Equity & Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide total return with a focus on current income and gains, and also consisting of long-term capital appreciation. It will invest over 80% of its net assets in equity and equity-related securities, including common stock, preferred stock, depositary receipts (including American depositary receipts and global depositary receipts), index-related securities, options on equity securities and equity indexes, real estate investment structures, convertible securities, private placements, convertible preferred stock, rights, warrants, derivatives linked to equity securities or indexes and other equity equivalents.
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