Ex-Dividend Date Insight: John Hancock Premium Div

On April 1, 2021, John Hancock Premium Div PDT declared a dividend payable on April 30, 2021 to its shareholders. John Hancock Premium Div also announced that shareholders on the company's books on or before April 12, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for John Hancock Premium Div is set for April 9, 2021. The company's current dividend payout sits at $0.1, equating to a dividend yield of 7.84% at current price levels.

Understanding Ex-Dividend Dates'

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding John Hancock Premium Div's Dividend History

Over the past year, John Hancock Premium Div has seen its dividend payouts remain the same and its yields trend downward. Last year on December 10, 2020 the company's payout sat at $0.1, which has returned to its value today. John Hancock Premium Div's dividend yield last year was 8.35%, which has since decreased by 0.51%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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