John Hancock Preferred Income Fund is a closed ended balanced mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in preferred value stocks of companies, convertible preferred securities, and investment grade fixed-income securities rated investment grade or higher by Moody's or Standard & Poor's. It benchmarks the performance of its portfolio against the Bank of America Merrill Lynch Hybrid Preferred Securities Index and Barclays U.S. Aggregate Bond Index. John Hancock Preferred Income Fund was formed on August 27, 2002 and is domiciled in the United States.
IPO Year: 2002
Exchange: NYSE
Website: jhinvestments.com/Fund/Overview.aspx?ProductType=Cl
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4 - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Issuer)
4 - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Issuer)
N-CEN - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Filer)
N-CSR - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Filer)
N-PX - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Filer)
NPORT-P - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Filer)
N-CSRS - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Filer)
NPORT-P - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Filer)
40-17G - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Filer)
NPORT-P - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Filer)
DEF 14A - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Filer)
NPORT-P/A - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Filer)
3 - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Issuer)
3 - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Issuer)
3 - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Issuer)
3 - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Issuer)
3 - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Issuer)
4 - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Issuer)
4 - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Issuer)
3 - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Issuer)
3 - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Issuer)
3 - JOHN HANCOCK PREFERRED INCOME FUND (0001176199) (Issuer)
BOSTON, Nov. 1, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: November 1, 2024Ex Date: November 12, 2024Record Date: November 12, 2024Payment Date: November 29, 2024 Ticker Fund Name Distribution Per Share Change From Previous Distribution Market Price as of 10/31/2024 Annualized Current Distribution Rate at Market HPI Preferred Income Fund $0.1235 - $17.96 8.25 % HPF Preferred Income Fund II $0.1235 - $17.86 8.30 % HPS Preferred Income Fund III $0.1100 - $16.06 8.22 % PDT Premium Dividend Fund $0.0825 - $12.83 7.72 % HTD Tax-Advantaged Divi
BOSTON, Oct. 1, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: October 1, 2024 Ex Date: October 11, 2024 Record Date: October 11, 2024 Payment Date: October 31, 2024 Ticker Fund Name Distribution Per Share Change From Previous Distribution Market Price as of 9/30/2024 Annualized Current Distribution Rate at Market HPI Preferred Income Fund $0.1235 - $18.95 7.82 % HPF Preferred Income Fund II $0.1235 - $18.65 7.95 % HPS Preferred Income Fund III $0.1100 - $17.24 7.66 % PDT Premium Dividend Fund $0.0825 - $13.22 7.49 % HTD Tax-Advantaged Dividend Income Fund $0.1380 - $23.22 7.13 % John Hancock Pre
BOSTON, MA, Sept. 26, 2024 /PRNewswire/ - The nine John Hancock closed-end funds listed below announced today that each fund's Annual Meeting of Shareholders ("Annual Meeting") will be held on February 18, 2025, at 2:00 p.m., Eastern Time, at the offices of the funds, 200 Berkeley Street, Boston, Massachusetts 02116: John Hancock Financial Opportunities Fund (NYSE:BTO)John Hancock Hedged Equity & Income Fund (NYSE:HEQ)John Hancock Income Securities Trust (NYSE:JHS)John Hancock Investors Trust (NYSE:JHI)John Hancock Preferred Income Fund (NYSE:HPI)John Hancock Preferred Income Fund II (NYSE:HPF)John Hancock Preferred Income Fund III (NYSE:HPS)John Hancock Premium Dividend Fund (NYSE:PDT)John
BOSTON, Sept. 3, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: September 3, 2024 Ex Date: September 13, 2024 Record Date: September 13, 2024 Payment Date: September 30, 2024 Ticker Fund Name Distribution Per hare Change From PreviousDistribution Market Price asof 8/30/2024 Annualized CurrentDistribution Rate atMarket HPI Preferred Income Fund $0,1235 - $17,53 8,45 % HPF Preferred Income Fund II $0,1235 - $17,08 8,68 % HPS Preferred Income Fund III $0,1100 - $16,37 8,06 % PDT Premium Dividend Fund $0,0825 - $13,12 7,55 % HTD Tax-Advantaged D
BOSTON, Aug. 7, 2024 /PRNewswire/ - The John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended July 31, 2024. The same data for the comparable three-month period ended July 31, 2023 is also available below. Three Months Ended 07/31/2024 Ticker Fund Name CurrentFiscalYear End NetInvestmentIncome PerCommonShare NAV Total ManagedAssets Total Net Assets HPI Preferred Income Fund 7/31 $ 6 664 955 $ 0,250 $16,13 $ 686 955 533 * $ 429 855 533 HPF Preferred Income Fund II 7/31 $ 5 396 829 $ 0,250 $16,00 $ 551 505 806 * $ 344 805 806 HPS Preferred Income Fund III 7/31 $ 7 186 040 $ 0,225 $14,39 $ 734 590 021 * $ 4
BOSTON, July 1, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: July 1, 2024Ex Date: July 11, 2024Record Date: July 11, 2024Payment Date: July 31, 2024 Ticker Fund Name DistributionPer Share Change From PreviousDistribution Market Price asof 6/28/2024 Annualized CurrentDistribution Rate atMarket HPI Preferred Income Fund $0.1235 - $16.71 8.87 % HPF Preferred Income Fund II $0.1235 - $16.97 8.73 % HPS Preferred Income Fund III $0.1100 - $15.81 8.35 % PDT Premium Dividend Fund $0.0825 - $11.78 8.40 % HTD Tax-Advantaged Dividend Income Fund $0.1
BOSTON, June 3, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: June 3, 2024Ex Date: June 13, 2024Record Date: June 13, 2024Payment Date: June 28, 2024 Ticker Fund Name Distribution Per Share Change FromPrevious Distribution Market Price as of 5/31/2024 Annualized Current Distribution Rate at Market HPI Preferred Income Fund $0.1235 - $16.68 8.88 % HPF Preferred Income Fund II $0.1235 - $17.09 8.67 % HPS Preferred Income Fund III $0.1100 - $15.56 8.48 % PDT Premium Dividend Fund $0.0825 - $11.50 8.61 % HTD Tax-Advantaged Dividend Income Fund $
BOSTON, May 17, 2024 /PRNewswire/ - The John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended April 30, 2024. The same data for the comparable three-month period ended April 30, 2023 is also available below. Three Months Ended 04/30/2024 Ticker Fund Name CurrentFiscalYear End NetInvestmentIncome PerCommonShare NAV Total ManagedAssets Total Net Assets HPI Preferred Income Fund 7/31 $ 7,056,729 $ 0.265 $15.77 $ 676,879,021 * $ 419,779,021 HPF Preferred Income Fund II 7/31 $ 5,717,305 $ 0.265 $15.64 $ 543,541,084 * $ 336,841,084 HPS Preferred Income Fund III 7/31 $ 7,666,481 $ 0.240 $14.09 $ 724,580,184 * $
BOSTON, May 1, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: May 1, 2024Ex Date: May 10, 2024Record Date: May 13, 2024Payment Date: May 31, 2024 Ticker Fund Name Distribution Per Share Change From Previous Distribution Market Price as of 4/30/2024 Annualized Current Distribution Rate at Market HPI Preferred Income Fund $0.1235 - $16.26 9.11 % HPF Preferred Income Fund II $0.1235 - $16.54 8.96 % HPS Preferred Income Fund III $0.1100 - $15.04 8.78 % PDT Premium Dividend Fund $0.0825 - $11.25 8.80 % HTD Tax-Advantaged Dividend Income Fund $0.13
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 Di
BOSTON, Nov. 1, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: November 1, 2024Ex Date: November 12, 2024Record Date: November 12, 2024Payment Date: November 29, 2024 Ticker Fund Name Distribution Per Share Change From Previous Distribution Market Price as of 10/31/2024 Annualized Current Distribution Rate at Market HPI Preferred Income Fund $0.1235 - $17.96 8.25 % HPF Preferred Income Fund II $0.1235 - $17.86 8.30 % HPS Preferred Income Fund III $0.1100 - $16.06 8.22 % PDT Premium Dividend Fund $0.0825 - $12.83 7.72 % HTD Tax-Advantaged Divi
BOSTON, Oct. 1, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: October 1, 2024 Ex Date: October 11, 2024 Record Date: October 11, 2024 Payment Date: October 31, 2024 Ticker Fund Name Distribution Per Share Change From Previous Distribution Market Price as of 9/30/2024 Annualized Current Distribution Rate at Market HPI Preferred Income Fund $0.1235 - $18.95 7.82 % HPF Preferred Income Fund II $0.1235 - $18.65 7.95 % HPS Preferred Income Fund III $0.1100 - $17.24 7.66 % PDT Premium Dividend Fund $0.0825 - $13.22 7.49 % HTD Tax-Advantaged Dividend Income Fund $0.1380 - $23.22 7.13 % John Hancock Pre
BOSTON, MA, Sept. 26, 2024 /PRNewswire/ - The nine John Hancock closed-end funds listed below announced today that each fund's Annual Meeting of Shareholders ("Annual Meeting") will be held on February 18, 2025, at 2:00 p.m., Eastern Time, at the offices of the funds, 200 Berkeley Street, Boston, Massachusetts 02116: John Hancock Financial Opportunities Fund (NYSE:BTO)John Hancock Hedged Equity & Income Fund (NYSE:HEQ)John Hancock Income Securities Trust (NYSE:JHS)John Hancock Investors Trust (NYSE:JHI)John Hancock Preferred Income Fund (NYSE:HPI)John Hancock Preferred Income Fund II (NYSE:HPF)John Hancock Preferred Income Fund III (NYSE:HPS)John Hancock Premium Dividend Fund (NYSE:PDT)John
BOSTON, Sept. 3, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: September 3, 2024 Ex Date: September 13, 2024 Record Date: September 13, 2024 Payment Date: September 30, 2024 Ticker Fund Name Distribution Per hare Change From PreviousDistribution Market Price asof 8/30/2024 Annualized CurrentDistribution Rate atMarket HPI Preferred Income Fund $0,1235 - $17,53 8,45 % HPF Preferred Income Fund II $0,1235 - $17,08 8,68 % HPS Preferred Income Fund III $0,1100 - $16,37 8,06 % PDT Premium Dividend Fund $0,0825 - $13,12 7,55 % HTD Tax-Advantaged D
BOSTON, Aug. 7, 2024 /PRNewswire/ - The John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended July 31, 2024. The same data for the comparable three-month period ended July 31, 2023 is also available below. Three Months Ended 07/31/2024 Ticker Fund Name CurrentFiscalYear End NetInvestmentIncome PerCommonShare NAV Total ManagedAssets Total Net Assets HPI Preferred Income Fund 7/31 $ 6 664 955 $ 0,250 $16,13 $ 686 955 533 * $ 429 855 533 HPF Preferred Income Fund II 7/31 $ 5 396 829 $ 0,250 $16,00 $ 551 505 806 * $ 344 805 806 HPS Preferred Income Fund III 7/31 $ 7 186 040 $ 0,225 $14,39 $ 734 590 021 * $ 4
BOSTON, July 1, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: July 1, 2024Ex Date: July 11, 2024Record Date: July 11, 2024Payment Date: July 31, 2024 Ticker Fund Name DistributionPer Share Change From PreviousDistribution Market Price asof 6/28/2024 Annualized CurrentDistribution Rate atMarket HPI Preferred Income Fund $0.1235 - $16.71 8.87 % HPF Preferred Income Fund II $0.1235 - $16.97 8.73 % HPS Preferred Income Fund III $0.1100 - $15.81 8.35 % PDT Premium Dividend Fund $0.0825 - $11.78 8.40 % HTD Tax-Advantaged Dividend Income Fund $0.1
BOSTON, June 3, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: June 3, 2024Ex Date: June 13, 2024Record Date: June 13, 2024Payment Date: June 28, 2024 Ticker Fund Name Distribution Per Share Change FromPrevious Distribution Market Price as of 5/31/2024 Annualized Current Distribution Rate at Market HPI Preferred Income Fund $0.1235 - $16.68 8.88 % HPF Preferred Income Fund II $0.1235 - $17.09 8.67 % HPS Preferred Income Fund III $0.1100 - $15.56 8.48 % PDT Premium Dividend Fund $0.0825 - $11.50 8.61 % HTD Tax-Advantaged Dividend Income Fund $
BOSTON, May 17, 2024 /PRNewswire/ - The John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended April 30, 2024. The same data for the comparable three-month period ended April 30, 2023 is also available below. Three Months Ended 04/30/2024 Ticker Fund Name CurrentFiscalYear End NetInvestmentIncome PerCommonShare NAV Total ManagedAssets Total Net Assets HPI Preferred Income Fund 7/31 $ 7,056,729 $ 0.265 $15.77 $ 676,879,021 * $ 419,779,021 HPF Preferred Income Fund II 7/31 $ 5,717,305 $ 0.265 $15.64 $ 543,541,084 * $ 336,841,084 HPS Preferred Income Fund III 7/31 $ 7,666,481 $ 0.240 $14.09 $ 724,580,184 * $
BOSTON, May 1, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their monthly distributions today as follows: Declaration Date: May 1, 2024Ex Date: May 10, 2024Record Date: May 13, 2024Payment Date: May 31, 2024 Ticker Fund Name Distribution Per Share Change From Previous Distribution Market Price as of 4/30/2024 Annualized Current Distribution Rate at Market HPI Preferred Income Fund $0.1235 - $16.26 9.11 % HPF Preferred Income Fund II $0.1235 - $16.54 8.96 % HPS Preferred Income Fund III $0.1100 - $15.04 8.78 % PDT Premium Dividend Fund $0.0825 - $11.25 8.80 % HTD Tax-Advantaged Dividend Income Fund $0.13
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 Di
Tuesday marks the last chance for investors to receive the next dividend payout from John Hancock Preferred (NYSE:HPI). What's Happening The company announced on Monday that it would pay shareholders a monthly dividend of 12.35 cents per share. On Wednesday, John Hancock Preferred will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 12.35 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own HPI as of the end of Tuesday's session are eligible to receive the
On Thursday, 369 companies hit new 52-week lows. Noteworthy Points From Today's 52-Week Lows: The largest company in terms of market cap to set a new 52-week low was Coca-Cola (NYSE:KO). The smallest company by market cap to hit a new 52-week low was Neptune Wellness Solns (NASDAQ:NEPT). Aethlon Medical (NASDAQ:AEMD)'s stock fell the most, as it traded down 838.3% to reach a new 52-week low. American Tower (NYSE:AMT)'s stock showed potential to rebound, rebounding up 0.0% after reaching a new 52-week low. The following stocks achieved new 52-week lows on Thursday: Bank of America (NYSE:BAC) shares hit a yearly low of $25.56. The stock was down 0.73% on the session. Bristol-My
Thursday marks the last chance for investors to receive the next dividend payout from John Hancock Preferred (NYSE:HPI). What's Happening The company announced on Thursday that it would pay shareholders a monthly dividend of 12.35 cents per share. On Friday, John Hancock Preferred will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 12.35 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own HPI as of the end of Thursday's session are eligible to receive the 1
On Monday, 120 stocks hit new 52-week lows. Areas of Significance In Today's 52-Week Lows And Highs: Pfizer (NYSE:PFE) was the biggest company on a market cap basis to set a new 52-week low. NovaBay Pharmaceuticals (AMEX:NBY) is the smallest company on a market cap basis to set a new 52-week low. Exela Technologies (NASDAQ:XELA)'s stock fell the most, as it traded down 11462.0% to reach a new 52-week low. AdTheorent Holding (NASDAQ:ADTH)'s stock bounced back the most, actually rising 0.0% after reaching its new 52-week low. Stocks that set new 52-week lows on Monday are as follows: Pfizer (NYSE:PFE) shares reached a new 52-week low of $37.14 on Monday morning, moving down 0.46
On Friday, 199 companies reached new 52-week lows. Key Facts About Today's 52-Week Lows: The largest company in terms of market cap to set a new 52-week low was Danaher (NYSE:DHR). Assure Hldgs (NASDAQ:IONM) was the smallest company by market cap to set a new 52-week low. Freeline Therapeutics (NASDAQ:FRLN) saw the most significant move of the companies, as shares traded down 1452.42% to reach its new 52-week low. Rackspace Tech (NASDAQ:RXT)'s stock made the biggest bounce back, actually moving up 0.0% shortly after hitting a new 52-week low. On Friday, the following stocks broke to new 52-week lows: Danaher (NYSE:DHR) stock achieved a new 52-week low on Friday morning, hittin
Thursday's session saw 189 companies set new 52-week lows. Noteworthy Mentions In Today's 52-Week Lows: Pfizer (NYSE:PFE) is the largest company in terms of market cap to set a new 52-week low this morning. BitNile Metaverse (NASDAQ:BNMV) was the smallest firm on a market cap basis to set a new 52-week low. Vinco Ventures (NASDAQ:BBIG) saw the most pronounced move, as shares traded down 1445.22% to hit its new 52-week low. Incyte (NASDAQ:INCY) saw the biggest bounce back on, as shares traded up 0.0% to rebound after it hit its new 52-week low. Here are all the stocks that set new 52-week lows on Thursday: Pfizer (NYSE:PFE) shares made a new 52-week low of $37.20 on Thursday. T
During Wednesday's session, 117 stocks hit new 52-week lows. Interesting Highlights From Today's 52-Week Lows: PayPal Holdings (NASDAQ:PYPL) was the largest company by market cap to set a new 52-week low. The smallest company by market cap to set a new 52-week low was Assure Hldgs (NASDAQ:IONM). Babylon Holdings (NYSE:BBLN) shares traded down 65.98% to reach its 52-week low, making it the biggest loser. Washington Trust Bancorp (NASDAQ:WASH) saw the sharpest rebound, as shares ascended 0.0%, reversing after hiting a new 52-week low. The stocks that set new 52-week lows on Wednesday: PayPal Holdings (NASDAQ:PYPL) stock drifted down 2.61% on Wednesday morning to hit a new 52-wee
On Tuesday, 164 companies hit new 52-week lows. Significant Points From Today's 52-Week Lows: The largest company by market cap to hit a new 52-week low was Crown Castle (NYSE:CCI). Soligenix (NASDAQ:SNGX) was the smallest company by market cap to set a new 52-week low. PRA Group (NASDAQ:PRAA)'s stock made the biggest move downwards, diving 40.16% to reach a new 52-week low. Crown Castle (NYSE:CCI) was the biggest winner of the bunch, with shares actually trading up 0.0% after it rebounded from its new 52-week low. The following stocks created new 52-week lows on Tuesday: Crown Castle (NYSE:CCI) stock achieved a new 52-week low on Tuesday morning, hitting $114.49 and moving 0.
On Wednesday, 479 stocks made new 52-week lows. Things to Consider About Today's 52-Week Lows: Bank of America (NYSE:BAC) was the largest firm by market cap to set a new 52-week low. Jaguar Health (NASDAQ:JAGX) was the smallest company when considering market cap to set a new 52-week low. Bellicum Pharmaceuticals (NASDAQ:BLCM) shares traded down 47.66% to reach its 52-week low, making it the biggest loser. Tyson Foods (NYSE:TSN) saw the sharpest rebound, as shares ascended 0.0%, reversing after hiting a new 52-week low. Stocks that set new 52-week lows on Wednesday are as follows: Bank of America (NYSE:BAC) stock achieved a new 52-week low on Wednesday morning, hitting $27.68
Wednesday marks the last chance for investors to receive the next dividend payout from John Hancock Preferred (NYSE:HPI). What's Happening The company announced on Tuesday that it would pay shareholders a monthly dividend of 12.35 cents per share. On Thursday, John Hancock Preferred will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 12.35 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own HPI as of the end of Wednesday's session are eligible to receive