Tuesday Is Your Last Chance To Buy John Hancock Preferred Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
John Hancock Preferred (NYSE:HPF) has announced a monthly dividend of 12.35 cents per share. To be eligible for this dividend, shareholders must own the stock before the ex-dividend date, which is Wednesday. The dividend will be paid out on October 31, 2023.
October 06, 2023 | 2:45 pm
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John Hancock Preferred (HPF) is set to pay a monthly dividend of 12.35 cents per share. The stock will likely trade lower to reflect the payout.
The announcement of a dividend payout often leads to a short-term increase in stock price as investors buy in to qualify for the dividend. However, the stock price typically drops on the ex-dividend date to reflect the payout, hence the negative score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100