John Hancock Premium Dividend Fund Q1 Net Income Up 25% to $8.75M, NAV at $14.38
John Hancock Premium Dividend Fund posted net investment income of $8.75 million ($0.178 per share) for the quarter ended January 31, 2026, up from $7.02 million ($0.143) a year earlier. NAV rose to $14.38 from $13.24 while total managed assets grew to $1.081 billion.
1. Quarterly Earnings Overview
John Hancock Premium Dividend Fund reported net investment income of $8,747,022 for the quarter ended January 31, 2026, representing per share earnings of $0.178. This compares with net investment income of $7,021,638 and per share earnings of $0.143 for the same period a year earlier, marking a 25% year-over-year increase in distributable income.
2. Year-over-Year Asset and NAV Growth
Net asset value per share climbed to $14.38 as of January 31, 2026, up from $13.24 at January 31, 2025. Total managed assets reached $1.081 billion, while total net assets expanded to $707.3 million, reflecting both market appreciation and strategic use of borrowings under the fund’s liquidity agreement.
3. Drivers of Income and Asset Growth
Income growth was driven by increased interest and dividend yields across the fund’s portfolio holdings, supported by favorable market conditions. Asset growth benefited from both portfolio valuation gains and leverage under the committed facility, positioning the fund for potential distribution increases in the upcoming quarter.