Sign in Subscribe
Insurance industry

John Hancock Tax-Advantaged Dividend Income Fund Declares Monthly Dividend

Strategic Insights

— 1 min read

The John Hancock Tax-Advantaged Dividend Income Fund has declared its monthly dividend, yielding an annualized 6.66 percent based on the fund's closing market price as of May 6, 2005. This fund, managed by John Hancock Advisers, LLC, focuses on providing a high level of after-tax total return from dividend income and capital appreciation. With $31.3 billion in assets under management as of December 31, 2004, John Hancock Funds is a premier investment management company that operates as a subsidiary of John Hancock Financial Services, Inc., a unit of Manulife Financial Corporation.

Key Takeaways:

  • The John Hancock Tax-Advantaged Dividend Income Fund pays an annualized dividend yield of 6.66 percent.
  • The fund's investment objective is to provide a high level of after-tax total return from dividend income and capital appreciation.
  • The fund will invest at least 80% of its assets in dividend-paying common and preferred securities that are eligible for U.S. federal income taxation at rates applicable to long-term capital gains.
  • John Hancock Funds, a subsidiary of John Hancock Financial Services, Inc., manages $31.3 billion in open-end, closed-end funds, private accounts, and retirement plans.
  • John Hancock Financial Services is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group with Cdn$348 billion in funds under management as of December 31, 2004.
  • Manulife Financial trades as 'MFC' on the TSX, NYSE, and PSE, and under '0945' on the SEHK.
  • The John Hancock unit is one of the largest life insurers in the United States, offering a range of financial products and services.

Statistics:

  • Annualized dividend yield: 6.66 percent
  • Assets under management by John Hancock Funds: $31.3 billion
  • Funds under management by Manulife Financial and its subsidiaries: Cdn$348 billion (US$289 billion)
  • Trading symbols: MFC (TSX, NYSE, PSE) and 0945 (SEHK)

Sources:

  • PRNewswire-FirstCall, May 9
  • John Hancock Financial Services, Inc.
  • Manulife Financial Corporation
  • John Hancock Tax-Advantaged Dividend Income Fund

Read more