In a recent filing with the Securities and Exchange Commission, William K. Bacic, trustee of the John Hancock Premium Dividend Fund (NYSE:PDT), disclosed the purchase of 800 shares of the fund’s common stock from a beneficial interest. The shares were acquired on January 14 at a price of $12.55 per share, for a total transaction value of $10,040. The fund, which is currently trading at $12.73, offers investors an attractive 7.93% dividend yield and has maintained dividend payments for 36 consecutive years, according to InvestingPro data.
After this transaction, Bačić has a total of 800 shares in the fund, and the ownership is categorized as direct. With a market cap of $625 million and a P/E ratio of 3.18, the fund demonstrates strong fundamentals. InvestingPro subscribers have access to 4 additional key insights into PDT’s financial health and market position. This purchase reflects Bačić’s continued involvement and investment in the fund, which is part of the broader portfolio of John Hancock Closed-End Funds.
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