Ex-Dividend Date Insight: John Hancock Preferred

On September 1, 2021, John Hancock Preferred HPI declared a dividend payable on September 30, 2021 to its shareholders. John Hancock Preferred also announced that shareholders on the company's books on or before September 13, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. John Hancock Preferred has an ex-dividend date planned for September 10, 2021. The company's current dividend payout sits at $0.12. That equates to a dividend yield of 6.75% at current price levels.

What Is An Ex-Dividend Date?

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 Preferred's Dividend History

Over the past year, John Hancock Preferred has seen its dividend payouts remain the same and its yields trend downward. Last year on May 12, 2021 the company's payout sat at $0.12, which has returned to its value today. John Hancock Preferred's dividend yield last year was 7.17%, which has since decreased by 0.42%.
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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