John Hancock Patriot Premium Dividend Fund I Declares Monthly Dividend
John Hancock Patriot Premium Dividend Fund I declared its monthly dividend on January 31, 2005, with an annualized yield of 6.64 percent based on the fund's closing market price. The fund seeks to provide a high current income, consistent with modest growth of capital for holders of its common shares. As a diversified, closed-end fund, it invests at least 80% of its assets in a diversified portfolio of dividend-paying securities.
Key Takeaways:
- The fund's investment objective is to provide a high current income, consistent with modest growth of capital for holders of its common shares.
- The fund invests at least 80% of its assets in a diversified portfolio of dividend-paying securities.
- John Hancock Funds, a premier investment management company, managed approximately $29 billion in open-end funds, closed-end funds, private accounts, retirement plans, and related party assets as of September 30, 2004.
- John Hancock Patriot Premium Dividend Fund I is a subsidiary of John Hancock Financial Services, Inc., a subsidiary of Manulife Financial Corporation.
- Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide.
Statistics:
- Annualized yield: 6.64 percent
- Total assets under management by Manulife Financial and its subsidiaries: Cdn$346 billion (US$274 billion)
- Market capitalization of Manulife Financial Corporation: trades as 'MFC' on the TSX, NYSE, and PSE, and under '0945' on the SEHK
Sources:
- John Hancock Patriot Premium Dividend Fund I
- John Hancock Funds
- Manulife Financial Corporation
- The Globe and Mail
- http://www.jhfunds.com/
- http://www.manulife.com/)