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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 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.
John Hancock Premium Dividend Fund (NYSE: PDT) announced the monthly distribution of $0.0975 per share, payable on February 28, 2023, to shareholders recorded as of February 13, 2023. This distribution comes under the Fund's managed distribution plan. The sources of the distribution include net investment income (69%) and a return of capital (31%). The Fund has distributed more than its income and net realized capital gains, indicating that a portion of the payment may be a return of capital. The Fund's fiscal year runs from November 1, 2022, to October 31, 2023.
On January 31, 2023, John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share, payable to shareholders of record as of January 13, 2023. This distribution is part of the Fund's managed distribution plan, which aims to provide consistent income to investors. The current distribution is sourced from 23% net investment income and 77% return of capital, with no contributions from realized capital gains. For the fiscal year-to-date, the cumulative distribution has reached $0.2924 per share. The Fund's annualized current distribution rate, as of December 31, 2022, is 9.09%.
On December 30, 2022, John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share for shareholders of record as of December 12, 2022. This distribution, part of the Fund's managed distribution plan, is being paid from various sources including net investment income, short and long-term capital gains, and return of capital. For the fiscal year-to-date, cumulative distributions total $0.1950 per share. The current distribution rate as a percentage of NAV is 8.80%.
On November 30, 2022, John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share, payable to shareholders of record as of November 14, 2022. This distribution is part of the Fund's managed distribution plan. The sources for this distribution include 79% from net investment income and 19% from return of capital. The fund has cumulative distributions for the fiscal year totaling less than its income and net gains, indicating a return of capital may occur. The anticipated distribution reflects the fund's ongoing financial strategy.
On October 31, 2022, John Hancock Premium Dividend Fund (NYSE: PDT) announced its monthly distribution of $0.0975 per share, payable to shareholders of record as of October 13, 2022. This distribution is part of the Fund's managed distribution plan. The sources for the distribution include net investment income (44%), net realized long-term capital gains (6%), and return of capital (50%). The Fund has declared a consistent monthly distribution which reflects a sustainable approach, with an annualized current distribution rate of 9.51% as of September 30, 2022.
The John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share, payable on September 30, 2022, to shareholders of record as of September 12, 2022. This distribution follows the Fund's managed distribution plan. As of this fiscal year, net investment income contributed 72% of the distribution, while net realized short-term capital gains and net realized long-term capital gains accounted for 8% and 20%, respectively. The total cumulative distributions for the fiscal year amount to $1.0698 per share.
The John Hancock Premium Dividend Fund (NYSE: PDT) declared a monthly distribution of $0.0975 per share, payable on July 29, 2022, to shareholders of record as of July 11, 2022. This distribution comes from various sources, including 46% net investment income and 54% return of capital. The fund's managed distribution plan ensures fixed monthly payments until further notice. Investors should note that the fund may have distributed more than its income and net capital gains, indicating a return of capital.
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