John Hancock Preferred Income Fund III (HPS) Receiving Favorable Press Coverage, Study Finds
Media coverage about John Hancock Preferred Income Fund III (NYSE:HPS) has been trending positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. John Hancock Preferred Income Fund III earned a coverage optimism score of 0.44 on Accern’s scale. Accern also assigned media stories about the company an impact score of 47.0716745142212 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
John Hancock Preferred Income Fund III (NYSE:HPS) traded down $0.25 during midday trading on Monday, reaching $17.65. 207,563 shares of the company’s stock were exchanged, compared to its average volume of 93,009. John Hancock Preferred Income Fund III has a 1-year low of $17.57 and a 1-year high of $19.48.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th will be given a dividend of $0.1222 per share. This represents a $1.47 dividend on an annualized basis and a yield of 8.31%. The ex-dividend date is Thursday, January 11th.
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John Hancock Preferred Income Fund III is a closed-end management investment company. The Fund seeks to provide a high level of current income consistent with preservation of capital. The Fund’s secondary investment objective is to provide growth of capital to the extent consistent with its primary objective.
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