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.
On March 31, 2022, John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share, payable to shareholders of record as of March 11, 2022, under its managed distribution plan. The distribution source breakdown includes 71% from net investment income and 29% from return of capital. The fund has distributed more than its accumulated income and net realized capital gains, indicating that portions of the distribution may be a return of capital. The fund also reported an average annual total return of 6.60% over the past five years.
On January 31, 2022, John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share for shareholders of record as of January 13, 2022. This distribution is part of the Fund's managed distribution plan and reflects payments sourced from net investment income (54%), return of capital (46%), and no capital gains. The Fund's fiscal year-to-date total return is 2.03% with an annualized distribution rate of 7.80% as of December 31, 2021. Shareholders may receive a portion of their distribution as a return of capital.
The John Hancock Premium Dividend Fund (NYSE: PDT) has announced a monthly distribution of $0.0975 per share, payable on December 31, 2021, for shareholders on record as of December 13, 2021. This distribution is part of the Fund's managed distribution plan. The distribution sources include net investment income (77%), return of capital (22%), and minimal capital gains. It’s important to note that some of the distribution may represent a return of capital, which does not indicate the Fund's investment performance.
On October 29, 2021, John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share, payable to all shareholders on record as of October 12, 2021. This distribution is part of the Fund's managed distribution plan, which aims to provide consistent monthly payments. The distribution sources include 60% from net investment income and a return of capital, indicating that part of the distribution may be a return of the shareholders' investments. The total cumulative distributions for the fiscal year have reached $1.1688 per share.
On September 30, 2021, John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share for shareholders of record as of September 13, 2021. This distribution is part of the Fund's managed distribution plan, which aims to provide consistent income. The funding sources for this distribution are 71% from net investment income, 5% from net realized long-term capital gains, and a 24% return of capital. The Fund's average annual total return over the last five years is 7.08%.
On August 31, 2021, the John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share, payable to shareholders of record as of August 12, 2021. This distribution is part of the Fund's managed distribution plan and follows a declaration made on August 2, 2021. The sources for this distribution include 99% from net investment income and 1% from return of capital. Shareholders should be aware that part of the distribution may constitute a return of capital, with total cumulative distributions this fiscal year reaching $0.9742.
John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share, payable on July 30, 2021, to shareholders of record as of July 12, 2021. This follows the Fund's managed distribution plan and includes various sources: net investment income (61%), net realized long-term capital gains (39%), and potential return of capital. The fund has cumulatively distributed $0.8768 this fiscal year to date. The annualized current distribution rate is 7.96% as of June 30, 2021.
On June 30, 2021, John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share, payable to shareholders on record as of June 11, 2021. This distribution is part of the Fund's managed distribution plan and is issued per an SEC exemptive order. For the period June 1-30, 2021, 80% of the distribution comes from net investment income, while 20% is a return of capital. The Fund's average annual total return for the past five years was 7.18%. Shareholders are advised that a portion of the distribution may return capital, not reflecting investment performance.
John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share for shareholders of record as of May 13, 2021, payable on May 28, 2021. This distribution aligns with the Fund's managed distribution plan. The estimated sources include 96% from net investment income and 3% from net realized long-term capital gains. This announcement is required by an SEC exemptive order granted to the Fund.
On April 30, 2021, John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share, payable to shareholders of record as of April 12, 2021. The distribution stems from the Fund's managed distribution plan, which aims to provide consistent income to investors. The distribution sources include 64% from net investment income, 36% from return of capital, with no contributions from capital gains. The Fund's average annual total return over 5 years is 6.73%.
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