John Hancock Investment Management Sets HPI's $0.1235 November Distribution

John Hancock Investment Management declared a $0.1235-per-share November distribution for John Hancock Preferred Income Fund (HPI) on Monday, keeping its monthly payment unchanged from the previous distribution. Nov. 12 is both the ex-dividend date and the record date. The ex-dividend date marks when a buyer is no longer entitled to a specified distribution; the record date determines which shareholders qualify. HPI's annualized current distribution rate at market was 11.11%, based on a $13.34 market price as of Oct. 30. Payment is scheduled for Nov. 30. Enna Lee reports on investing and digital-asset markets for TokenPost.

Source: TokenPost