Welcome to our dedicated page for JH Premium Dividend Fund news (Ticker: PDT), a resource for investors and traders seeking the latest updates and insights on JH 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 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%.
On January 29, 2021, John Hancock Premium Dividend Fund (NYSE: PDT) declared a monthly distribution of $0.0975 per share to shareholders of record as of December 31, 2020. This follows the Fund's managed distribution plan and is part of the January 2021 distribution cycle. Estimated sources for this distribution include net investment income (61%), with a portion described as a return of capital (39%). The Fund aims to continue monthly payments as planned. Shareholders should be aware that returns of capital do not reflect the Fund's investment performance.
On December 18, 2020, John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share for shareholders of record as of December 11, 2020. This distribution is part of the Fund’s managed distribution plan. The sources of the distribution include net investment income (78%) and return of capital (22%). For the fiscal year-to-date, total cumulative distributions amount to $0.1950 per share. The Fund has maintained a strong annualized distribution rate of 8.65% based on NAV as of November 30, 2020.
On November 30, 2020, John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share for shareholders of record as of November 12, 2020. This is part of the Fund's managed distribution plan, which allows for fixed monthly payouts. The current distribution covers the period from November 1 to November 30, 2020. Notably, 97% of this distribution comes from net investment income, with 3% classified as a return of capital. Shareholders should note that the Fund has distributed more than its income and capital gains.
John Hancock Premium Dividend Fund (NYSE: PDT) has announced its monthly distribution of $0.0975 per share, payable to shareholders of record as of October 13, 2020. The distribution, part of the Fund's managed distribution plan, is being declared under an exemptive order from the U.S. SEC. The total current distribution comprises 62% from net investment income and 38% from net realized long-term capital gains, with no return of capital. The distribution is to be paid on October 30, 2020, continuing the Fund's commitment to regular payments to investors.
John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share payable on September 30, 2020. This distribution pertains to shareholders recorded as of September 11, 2020 and is part of the Fund's managed distribution plan. The distribution is sourced from net investment income (80%), net realized long-term capital gains (7%), and return of capital (13%). The fund had an average annual total return of 6.30% over the past 5 years, while the cumulative total return for the fiscal year through August 31, 2020 was -11.91%.
On August 31, 2020, 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 13, 2020. This distribution is part of the Fund's managed distribution plan, as stipulated by the SEC exemptive order. The significant portion of this distribution, 85%, is derived from net investment income, while 15% represents a return of capital. Investors should be aware that the amounts reported are estimates and may vary based on the Fund’s future investment performance.
On July 31, 2020, John Hancock Premium Dividend Fund (NYSE: PDT) announced a monthly distribution of $0.0975 per share, payable to shareholders of record as of July 13, 2020. This distribution reflects the Fund's managed distribution plan. The sources of the distribution include 67% from net investment income, 2% from net realized long-term capital gains, and 31% from other capital sources. Investors should note that the Fund has distributed more than its income and capital gains, indicating a potential return of capital in the distribution.
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