In a recent filing with the Securities and Exchange Commission, William K. Bacic, a trustee of the John Hancock Premium Dividend Fund (NYSE:PDT), disclosed the purchase of 800 shares of the fund’s common shares of beneficial interest. The shares were acquired on January 14 at a price of $12.55 per share, amounting to a total transaction value of $10,040. The fund, currently trading at $12.73, offers investors an attractive 7.93% dividend yield and has maintained dividend payments for 36 consecutive years, according to InvestingPro data.
Following this transaction, Bacic holds a total of 800 shares in the fund, with the ownership categorized as direct. With a market capitalization of $625 million and a P/E ratio of 3.18, the fund demonstrates strong fundamentals. InvestingPro subscribers have access to 4 additional key insights about PDT’s financial health and market position. This purchase reflects Bacic’s continued involvement and investment in the fund, which is part of the broader John Hancock Closed-End Funds portfolio.
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