John Hancock Preferred Income Fund (HPI) Getting Positive News Coverage, Study Finds

Media stories about John Hancock Preferred Income Fund (NYSE:HPI) have trended positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. John Hancock Preferred Income Fund earned a daily sentiment score of 0.41 on Accern’s scale. Accern also assigned headlines about the company an impact score of 48.0675023697873 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Shares of John Hancock Preferred Income Fund traded down $0.02, hitting $21.43, during midday trading on Thursday, according to Marketbeat Ratings. The company’s stock had a trading volume of 27,100 shares, compared to its average volume of 47,371. John Hancock Preferred Income Fund has a one year low of $19.73 and a one year high of $22.58.

The firm also recently declared a monthly dividend, which will be paid on Friday, June 29th. Stockholders of record on Monday, June 11th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, June 8th. This represents a $1.68 annualized dividend and a dividend yield of 7.84%.

John Hancock Preferred Income Fund Company Profile

John Hancock Preferred Income Fund is a closed-end, diversified management investment company. The Fund’s investment objective is to provide a high level of income consistent with preservation of capital, and to provide growth of capital. Normally, the Fund invests at least 80% of its assets (net assets plus borrowings for investment purposes) in preferred stocks and other preferred securities, including convertible preferred securities.

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