John Hancock Premium Price, Forecast, Insider, Ratings, Fundamentals & Signals

Boston , april 30, 2024 /prnewswire/ - john hancock premium dividend fund (nyse: pdt) (the "fund"), a closed-end fund managed by john hancock investment management llc and subadvised by manulife investment management (us) llc, announced today sources of its monthly distribution of $0.0825 per share paid to all shareholders of record as of april 11, 2024, pursuant to the fund's managed distribution plan. this press release is issued as required by an exemptive order granted to the fund by the u.s. securities and exchange commission.

Boston , april 1, 2024 /prnewswire/ - the john hancock closed-end funds listed below declared their monthly distributions today as follows: declaration date: april 1, 2024 ex date: april 10, 2024 record date: april 11, 2024 payment date: april 30, 2024   ticker fund name distribution per share  change from previous distribution market price as of 3/28/2024 annualized current distribution rate at market hpi preferred income fund $0.1235 - $16.63 8.91 % hpf preferred income fund ii $0.1235 - $16.53 8.97 % hps preferred income fund iii $0.1100 - $15.43 8.55 % pdt premium dividend fund $0.0825 - $11.65 8.50 % htd tax-advantaged dividend income fund $0.1380 - $19.66 8.42 % john hancock premium dividend fund premium dividend fund (the "fund") declared its monthly distribution pursuant to the fund's managed distribution plan (the "pdt plan")...

Boston , march 28, 2024 /prnewswire/ - john hancock premium dividend fund (nyse: pdt) (the "fund"), a closed-end fund managed by john hancock investment management llc and subadvised by manulife investment management (us) llc, announced today sources of its monthly distribution of $0.0825 per share paid to all shareholders of record as of march 11, 2024, pursuant to the fund's managed distribution plan. this press release is issued as required by an exemptive order granted to the fund by the u.s. securities and exchange commission.

Boston , march 1, 2024 /prnewswire/ - the john hancock closed-end funds listed below declared their monthly distributions today as follows: declaration date: march 1, 2024 ex date: march 8, 2024 record date: march 11, 2024 payment date: march 28, 2024   ticker fund name distribution per share change from previous distribution market price as of 2/29/2024 annualized current distribution rate at market hpi preferred income fund $0.1235 - $16.59 8.93 % hpf preferred income fund ii $0.1235 - $16.65 8.90 % hps preferred income fund iii $0.1100 - $15.19 8.69 % pdt premium dividend fund $0.0825 - $11.56 8.56 % htd tax-advantaged dividend income fund $0.1380 - $19.31 8.58 % john hancock premium dividend fund premium dividend fund (the "fund") declared its monthly distribution pursuant to the fund's managed distribution plan (the "pdt plan")...

Boston , feb. 29, 2024 /prnewswire/ - john hancock premium dividend fund (nyse: pdt) (the "fund"), a closed-end fund managed by john hancock investment management llc and subadvised by manulife investment management (us) llc, announced today sources of its monthly distribution of $0.0825 per share paid to all shareholders of record as of february 12, 2024, pursuant to the fund's managed distribution plan. this press release is issued as required by an exemptive order granted to the fund by the u.s. securities and exchange commission.

4 Closed-End Fund Buys In The Month Of March 2024

The John Hancock Premium Dividend Fund offers investors a high level of income from a combination of fixed-income securities and common stocks. The fund's 9.10% yield is attractive for investors seeking a high level of income, and it is surprisingly in line with what is available from fixed-income funds. The fund's performance has lagged behind the market, with a 4.56% decline in share price since the last article was published.

Don't fall into the trap of thinking you can't beat the market. It's total nonsense—and that goes double if you look outside stocks, to other assets.

2023 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions amounting to over 14% yield-on-cost basis and roughly 8.6% on average portfolio value. We will provide updates on trades during the year, dividends collected, and overall performance. As usual, we will compare the performance with a traditional 60:40 stock/bond portfolio.

We review CEF market valuation and performance through the second week of January and highlight recent market action. Most CEF sectors were up on the week, with CMBS delivering the best return. Discounts are tightening across all but one sector. CEF sector designation is not a precise endeavor, creating potential pitfalls for investors.

I have a total of 41 positions in my closed-end fund portfolio, with the top ten positions making up 36.52% of the portfolio. We have four new names making their way to my top ten list since the prior update, but three were already positions that have simply grown to be larger allocations. Closed-end funds overall look to be a place of opportunity as discounts remain historically wide across both equity and fixed-income-focused funds.

Total Return is the actual rate of return for an investment over a given evaluation period, typically one, three, five, or ten years. The Total NAV Return is the sum of all dividends/distributions, assuming they are reinvested, plus the change in the NAV of the fund, be it positive or negative. However, managing our portfolio is not only about applying financial rules, because it is not certain that dividends can and will always be reinvested.

John Hancock Premium Dividend Fund cut its distribution earlier this year, leading to a sell-off, but the discount/premiums of closed-end funds can be exploited by investors. PDT's discount has narrowed since the distribution cut pushed it to a wide discount; it remains at a fairly attractive discount level even after it has narrowed. Swapping back to John Hancock Tax-Advantaged Dividend Income Fund from PDT could make sense here, but I wouldn't expect the results to be as swift with no major catalyst.

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records, pay high distributions, and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

John Hancock Premium Dividend Fund aims for high current income and capital growth, but has underperformed in the last decade. PDT focuses on dividend-paying securities, with utilities and financials making up a significant portion of its portfolio. PDT recently reduced its monthly payouts, causing investor disappointment, but still offers a high yield at its current price.