John Hancock Premium Dividend Fund Stock Company Profile
Information
601 Congress Street
Boston MA 02210-2805
617-663-2430
www.jhinvestments.com/Fund/Overview.aspx?ProductType=ClosedEnd&FundID=GC03&ClassCode=CE&BackToFundTableType=Price
Industry: Asset Management
Sector: Financial Services
Description
John Hancock Premium Dividend Fund is a closed ended equity mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector. The fund primarily invests in dividend paying preferred stocks and common stocks of companies. It benchmarks the performance of its portfolio against a composite benchmark comprised of 70% Bank of America Merrill Lynch Preferred Stock DRD Eligible Index and 30% S&P 500 Utilities Index. The fund was formerly known as John Hancock Patriot Premium Dividend Fund II. John Hancock Premium Dividend Fund was formed on December 21, 1989 and is domiciled in the United States.