John Hancock Preferred's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
John Hancock Preferred (NYSE:HPS) announced a monthly dividend of 11 cents per share, with the ex-dividend date set for Friday. Shareholders owning HPS by the end of Thursday's session will be eligible for the dividend payout, which will be distributed on June 30, 2023.
June 06, 2023 | 2:46 pm
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John Hancock Preferred (HPS) announced an 11 cents per share monthly dividend with the ex-dividend date on Friday. Eligible shareholders will receive the payout on June 30, 2023.
The announcement of the 11 cents per share monthly dividend and the ex-dividend date on Friday is relevant and important for HPS shareholders. However, the short-term impact on the stock price is neutral, as the stock will likely open 11 cents lower on the ex-dividend date, reflecting the payout.
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IMPORTANCE 80
RELEVANCE 100