Welcome to our dedicated page for John Hancock Tax-Advantaged Dividend Income Fund news (Ticker: HTD), a resource for investors and traders seeking the latest updates and insights on John Hancock Tax-Advantaged Dividend Income Fund stock.
John Hancock Tax-Advantaged Dividend Income Fund reports recurring closed-end fund distribution developments for HTD. News releases primarily cover monthly Section 19(a) notices under the fund's managed distribution plan, including estimated sources of distributions such as net investment income, realized capital gains and return of capital or other capital sources.
The fund is managed by John Hancock Investment Management LLC and subadvised by Manulife Investment Management (US) LLC. Its investment objective is high after-tax total return from dividend income and capital appreciation, with portfolio categories that include common stocks, preferred securities, corporate bonds, convertible bonds and short-term investments.
On July 31, 2020, the John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD) announced a monthly distribution of $0.1380 per share, payable to shareholders of record by July 13, 2020. This distribution is part of the Fund's managed distribution plan. The distribution sources include 68% from net investment income and 20% from net realized long-term capital gains. The Fund has distributed more than its income this year, meaning some distributions may be a return of capital, which should not be confused with yield or income.