John Hancock Premium Dividend Fund
PDT
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Andrew Grant Arnott
- Full Time Employees
- 4
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 200 Berkeley Street Boston MA United States of America 02116
- IPO Date
- Dec 15, 1989
- CIK
- 0000855886
- Website
- jhinvestments.com
- Similar Companies
- Business
- John Hancock Premium Dividend Fund (NYSE: PDT) is a closed-end equity mutual fund launched and managed by John Hancock Investment Management LLC and co-managed by John Hancock Asset Management. The fund provides high current income, consistent with modest growth of capital, through a diversified portfolio of dividend-paying preferred stocks and common stocks of companies operating across diversified sectors in the public equity markets of the United States, with an emphasis on the utilities sector. Under normal circumstances, it invests at least 80% of its net assets in dividend-paying securities, including common stocks of issuers whose senior debt is rated investment grade or considered comparable quality by the adviser; it benchmarks performance against a composite of 70% Bank of America Merrill Lynch Preferred Stock DRD Eligible Index and 30% S&P 500 Utilities Index. The fund was formed on December 21, 1989, and is domiciled in Boston, Massachusetts. Portfolio managers Joseph H. Bozoyan, CFA, and James Gearhart oversee operations from headquarters at 200 Berkeley Street, Boston. Recent changes include the departure of co-portfolio managers Caryn E. Rothman and Jonas Grazulis as of October 30, 2025, with Bozoyan and Gearhart, both CFA charterholders, maintaining strategic continuity amid a seamless transition. The fund continues its managed distribution plan, declaring monthly payouts such as $0.0825 per share for October 2025 (payable October 31, 2025), sourced from net investment income (35%), short-term capital gains (10%), and return of capital (55%), supporting an annualized distribution rate of approximately 6.96% of NAV as of September 30, 2025, alongside a forward yield around 7.59%. Institutional ownership reflects confidence, with 68 holders representing 12.98% of shares and $22.23 million in net inflows over 24 months.