John Hancock Preferred Income Fund III About To Put More Money In Your Pocket (HPS)

Looking at the universe of stocks we cover at Dividend Channel, on 10/9/13, John Hancock Preferred Income Fund III ( HPS) will trade ex-dividend, for its monthly dividend of $0.1222, payable on 10/31/13. As a percentage of HPS's recent stock price of $16.50, this dividend works out to approximately 0.74%, so look for shares of John Hancock Preferred Income Fund III to trade 0.74% lower — all else being equal — when HPS shares open for trading on 10/9/13.

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Below is a dividend history chart for HPS, showing historical dividends prior to the most recent $0.1222 declared by John Hancock Preferred Income Fund III:

HPS+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from HPS is likely to continue, and whether the current estimated yield of 8.89% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of HPS shares, versus its 200 day moving average:

John Hancock Preferred Income Fund III 200 Day Moving Average Chart

Looking at the chart above, HPS's low point in its 52 week range is $15.77 per share, with $20.51 as the 52 week high point — that compares with a last trade of $16.50.

In Monday trading, John Hancock Preferred Income Fund III shares are currently down about 0.1% on the day.

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