John Hancock Premium Dividend Fund Declares $0.0825 Monthly Distribution at 7.56% Yield
John Hancock Premium Dividend Fund declared a monthly distribution of $0.0825 per share, representing a 7.56% annualized yield based on its $13.10 market price as of March 31, 2026. The distribution will be paid on April 30 and will continue under the fund’s managed distribution plan until further notice.
1. Distribution Details
On April 1, 2026, the Premium Dividend Fund declared its monthly distribution of $0.0825 per share. The ex-dividend and record dates are April 13, 2026, with the payment scheduled for April 30, 2026.
2. Yield and Market Price
Based on the $13.10 market price as of March 31, 2026, the monthly payout annualizes to a 7.56% current distribution rate. There was no change from the previous distribution amount.
3. Managed Distribution Plan
Distributions are made under the fund’s managed distribution plan and may consist of net investment income, realized long-term and short-term capital gains, and return of capital if necessary. The plan aims to maintain steady monthly payouts regardless of market fluctuations.
4. Board Authority and Tax Considerations
The board retains the right to amend or terminate the distribution plan at any time. Investors will receive annual Form 1099-DIV statements detailing the tax characterization of distributions, which may include return of capital components.