John Hancock Preferred: Dividend Insights
Portfolio Pulse from Benzinga Insights
John Hancock Preferred (NYSE:HPI) has announced a monthly dividend of 12.35 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 12.35 cents lower. Shareholders who own HPI as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on October 31, 2023.
October 06, 2023 | 2:45 pm
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John Hancock Preferred (HPI) has announced a monthly dividend of 12.35 cents per share. The stock will go ex-dividend on Wednesday, which will likely cause the stock to open lower.
The announcement of a dividend typically leads to a short-term increase in the stock price as investors buy in to receive the dividend. However, the stock price usually drops on the ex-dividend date by an amount roughly equal to the dividend paid. In this case, HPI is expected to open 12.35 cents lower on Wednesday.
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