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PRNewswire (Thu, 28-Mar 4:09 PM ET)
JOHN HANCOCK CLOSED-END FUNDS DECLARE MONTHLY DISTRIBUTIONS
PRNewswire (Fri, 1-Mar 4:22 PM ET)
JOHN HANCOCK CLOSED-END FUNDS RELEASE EARNINGS DATA
PRNewswire (Mon, 12-Feb 5:18 PM ET)
PRNewswire (Fri, 29-Dec 4:13 PM ET)
The Fund seeks to provide a high level of current income consistent with modest growth of capital for holders of its common shares. The Fund invests in a diversified portfolio of dividend-paying preferred stocks and common equity securities. Under normal circumstances, the Fund invests at least 80% of its net assets in dividend-paying securities and invests more than 25% of total assets in the utilities industry. Preferred stocks and debt obligations in which the Fund invests are rated investment grade by Moody’s or Standard & Poor’s at the time of investment, or will be preferred stock of issuers of investment-grade senior debt.
JH Premium Dividend trades on the NYSE stock market under the symbol PDT.
As of March 28, 2024, PDT stock price declined to $11.65 with 387,584 million shares trading.
PDT has a beta of 1.05, meaning it tends to be more sensitive to market movements. PDT has a correlation of 0.28 to the broad based SPY ETF.
PDT has a market cap of $573.01 million. This is considered a Small Cap stock.
In the last 3 years, PDT stock traded as high as $17.69 and as low as $8.77.
PDT has underperformed the market in the last year with a price return of +4.4% while the SPY ETF gained +33.6%. However, in the short term, PDT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.9% vs +10.1% return in SPY. But in the last 2 weeks, PDT shares have been beat by the market, returning -1.4% compared to an SPY return of +1.7%.
PDT support price is $11.56 and resistance is $11.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PDT stock will trade within this expected range on the day.