John Hancock Preferred Income Fund Trustee Basic bought $10,034 in shares By Investing.com

John Hancock Preferred Income Fund (NYSE:HPI) Trustee William K. Basic recently acquired additional common shares in the fund. On January 14, Basic purchased 610 shares at $16.45 each, for a total transaction value of $10,034. The fund, which has a capitalization of $459.2 million, currently offers an attractive dividend yield of 8.93% and has continued to pay dividends for 23 consecutive years, he said. Invest Pro Data.

This acquisition will increase Bacic’s holdings to a total of 610 funds. The transaction was executed directly as disclosed in a filing with the Securities and Exchange Commission. Trading at $17.22, the fund exhibits relatively low volatility with a beta of 0.98 and trades at a P/E ratio of 7.46. Invest Pro Subscribers can access additional insights and metrics about HPI’s financial health and assessment.

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