John Hancock Patriot Global Dividend Fund Declares Regular Monthly Dividend

Strategic Insights -

The John Hancock Patriot Global Dividend Fund recently announced its regular monthly dividend, offering an attractive yield for investors. With an annualized yield of 8.03 percent, based on the fund's closing market price as of July 26, 2004, this dividend provides a high level of current income for holders of its common shares. As a diversified, closed-end fund, the John Hancock Patriot Global Dividend Fund invests in a portfolio of dividend-paying stocks, debt obligations, and U.S.-dollar-denominated securities to achieve its investment objective of providing a high level of current income and modest growth of capital.

Key Takeaways:

  • The John Hancock Patriot Global Dividend Fund declared a regular monthly dividend of unknown amount, which equates to an annualized yield of 8.03 percent based on the fund's closing market price as of July 26, 2004.
  • The fund's investment objective is to provide a high level of current income and modest growth of capital for holders of its common shares of beneficial interest.
  • The fund invests in a diversified portfolio of dividend-paying stocks, debt obligations, and U.S.-dollar-denominated securities.
  • The fund is managed by John Hancock Funds, a premier investment management company that manages $30.2 billion in open-end and closed-end funds, private accounts, and retirement plans as of March 31, 2004.
  • Manulife Financial Corporation, the parent company of John Hancock Financial Services, Inc., has pro forma funds under management of Cdn$356 billion (US$272 billion) as at March 31, 2004.
  • The John Hancock Patriot Global Dividend Fund is a wholly owned subsidiary of John Hancock Financial Services, Inc.

Statistics:

  • The fund's annualized yield is 8.03 percent.
  • The fund has a divided portfolio of dividend-paying stocks, debt obligations, and U.S.-dollar-denominated securities.
  • John Hancock Funds manages $30.2 billion in assets as of March 31, 2004.
  • Manulife Financial Corporation has pro forma funds under management of Cdn$356 billion (US$272 billion) as at March 31, 2004.

Sources:

  • John Hancock Patriot Global Dividend Fund
  • John Hancock Funds
  • Manulife Financial Corporation
  • John Hancock Web Site: http://www.jhfunds.com/
  • Manulife Financial: http://www.manulife.com/