Welcome to our dedicated page for John Hancock Premium Dividend Fund news (Ticker: PDT), a resource for investors and traders seeking the latest updates and insights on John Hancock Premium Dividend Fund stock.
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 a monthly distribution of $0.0975 per share, payable on March 31, 2023, to shareholders of record as of March 13, 2023. This distribution is part of the Fund's managed distribution plan, which allows for fixed monthly payouts. The estimated sources of this distribution include 56% from net investment income and 44% from return of capital. For fiscal year-to-date, the total cumulative distribution is $0.4873 per share. The Fund aims to continue fixed monthly distributions until further notice, ensuring ongoing income for shareholders.
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