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John Hancock Premium Dividend Fund (NYSE: PDT) is a closed-end management investment company based in the United States. Managed by John Hancock Investment Management LLC and subadvised by Manulife Investment Management (US) LLC, the Fund aims to provide a high current income consistent with modest growth of capital.
To achieve its objectives, the Fund invests in a diversified portfolio of dividend-paying preferred and common equity securities. The portfolio composition typically includes preferred securities, common stocks, corporate bonds, and short-term investments. This strategic asset allocation allows the Fund to balance income generation and long-term capital growth.
Recent achievements include consistent monthly distributions of $0.0825 per share under the Fund's managed distribution plan, facilitated by an exemptive order from the U.S. Securities and Exchange Commission. These fixed monthly distributions highlight the Fund's commitment to providing steady income to its shareholders.
John Hancock Investment Management LLC, a subsidiary of Manulife Investment Management, employs a unique multimanager approach that combines internal expertise with a global network of specialized asset managers. This rigorous investment oversight ensures that each portfolio continues to meet the Fund's high standards. With over $148 billion in assets under management, John Hancock represents one of America's most trusted financial stewardship brands, dating back to 1862.
Manulife Investment Management enhances this offering by leveraging its extensive global capabilities, spanning 18 geographies. They provide access to a diverse range of asset managers and maintain a strong focus on responsible investing. This includes creating sustainable investment frameworks and engaging with companies to promote high standards of stewardship.
Investors can take confidence in the Fund's robust structure, which is designed to satisfy a wide array of investor needs through careful selection and management of high-quality investments. With a commitment to providing strong risk-adjusted returns across various asset classes, John Hancock Premium Dividend Fund remains a valuable option for those seeking reliable income and growth potential.
John Hancock Premium Dividend Fund (NYSE: PDT) announced its monthly distribution of $0.0825 per share, payable on October 31, 2024, to shareholders of record as of October 11, 2024. The distribution sources include: 21% from net investment income, 21% from short-term capital gains, and 58% from long-term capital gains. The fund's average annual total return for the past 5 years was 5.84%, with a current distribution rate of 7.19% of NAV. The fund's cumulative total return for the fiscal year through September 30, 2024, stands at 40.47%.
John Hancock Premium Dividend Fund (NYSE: PDT) announced its monthly distribution of $0.0825 per share, payable on September 30, 2024, to shareholders of record as of September 13, 2024. The distribution sources are: 65% net investment income, 9% net realized short-term capital gains, and 26% return of capital. For the fiscal year-to-date, the sources are: 58% net investment income and 42% return of capital.
Key financial metrics include:
- 5-year average annual total return: 5.60%
- Annualized current distribution rate: 7.48% of NAV
- Fiscal year-to-date cumulative total return: 34.23%
- Cumulative fiscal year-to-date distribution rate: 6.86% of NAV
The Fund operates under a managed distribution plan, with fixed monthly distributions of $0.0825 per share continuing until further notice.
John Hancock Premium Dividend Fund (NYSE: PDT) announced its monthly distribution of $0.0825 per share, payable on August 30, 2024, to shareholders of record as of August 12, 2024. The distribution sources are: 82% from net investment income and 18% from return of capital. For the fiscal year-to-date, 58% came from net investment income and 42% from return of capital. The fund's average annual total return over 5 years is 5.15%, with a current annualized distribution rate of 7.66% based on NAV. The fund's cumulative total return for the fiscal year through July 31, 2024, is 30.27%. Shareholders are advised that a portion of the distribution may be a return of capital and not to draw conclusions about the fund's performance from this distribution.
John Hancock Premium Dividend Fund (NYSE: PDT) announced its monthly distribution of $0.0825 per share, payable on July 31, 2024, to shareholders of record as of July 11, 2024. The distribution sources are: 19% from net investment income, 11% from net realized short-term capital gains, and 70% from return of capital. For the fiscal year-to-date, the fund has distributed $0.7425 per share, with 55% from net investment income and 45% from return of capital. The fund's average annual total return for the past 5 years is 4.31%, and its current annualized distribution rate is 8.00% of NAV. The fund's cumulative total return for the fiscal year through June 30, 2024, is 24.00%.
On June 28, 2024, John Hancock Premium Dividend Fund (NYSE: PDT) declared a monthly distribution of $0.0825 per share, payable to shareholders of record as of June 13, 2024. This distribution is part of the Fund's managed distribution plan. For the period of June 1 to June 30, 2024, 55% of the distribution derived from net investment income, and 45% represented a return of capital. For the fiscal year starting November 1, 2023, through June 30, 2024, the cumulative distribution totaled $0.6600 per share. The Fund's annualized current distribution rate was 7.79% of NAV as of May 31, 2024. The Fund estimates that it distributed more than its income and net realized capital gains, indicating a return of capital component. This distribution is not indicative of the Fund's investment performance.
John Hancock Premium Dividend Fund (NYSE: PDT) announced its monthly distribution of $0.0825 per share for May 2024, payable on May 31, 2024. The distribution sources include 90% net investment income and 10% return of capital, with no short or long-term capital gains. Year-to-date figures show 62% from net investment income, 4% from short-term gains, and 34% from return of capital. The 5-year average annual total return is 4.00%, with an annualized current distribution rate of 8.13% as of April 30, 2024. The cumulative fiscal return through April 30, 2024, is 20.30%, and the year-to-date distribution rate is 4.74%.
John Hancock Premium Dividend Fund (NYSE: PDT) announced sources of its monthly distribution of $0.0825 per share, providing a breakdown of the distribution, stating the sources as net investment income, capital gains, and return of capital. The Fund's managed distribution plan ensures fixed monthly distributions until further notice.
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