PDT Stock Summary and Trading Ideas (JH Premium Dividend | NYSE:PDT)

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 April 23, 2024, PDT stock price climbed to $11.22 with 34,904 million shares trading.

PDT has a beta of 0.99, meaning it tends to be less sensitive to market movements. PDT has a correlation of 0.27 to the broad based SPY ETF.

PDT has a market cap of $551.86 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 stock has underperformed the market in the last year with a return of -2.4%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PDT shares. However, PDT has outperformed the market in the last 3 month and 2 week periods, returning +8.6% and -2.5%, while SPY returned +4.8% and -2.6%, respectively. This indicates PDT has been having a stronger performance recently.

PDT support price is $10.95 and resistance is $11.23 (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.