John Hancock Premium Dividend Fund Announces December 2024 Distribution Details for Shareholders
The John Hancock Premium Dividend Fund (NYSE: PDT), a closed-end fund managed by John Hancock Investment Management LLC, has recently informed its shareholders about its monthly distribution for December 2024. As part of its managed distribution plan, the fund has declared a monthly payout of $0.0825 per share, which will be distributed to all shareholders holding shares as of December 12, 2024. This announcement is crucial in providing insights into how the distribution is structured, as well as the sources of funds utilized to fulfill this obligation.
On December 2, 2024, the fund declared its monthly distribution to be paid on December 31, 2024. The distribution amount totals $0.0825 per common share for this period. The quarterly report includes details on the various sources that contributed to this distribution. The table presented shows an extensive breakdown of these sources, helping investors to better understand the financial underpinnings of the distribution.
From the above, it's evident that a significant portion of the monthly distribution ($0.0596/share or 72%) comes from net investment income, thereby reinforcing the fund's ability to sustain its payouts through active management of its portfolio. In the fiscal year-to-date, net investment income has also contributed substantially to the cumulative total payouts, accounting for 81% of distributions.
Importantly, there are key metrics reported regarding the fund’s performance. As of November 30, 2024, the average annual total return in relation to Net Asset Value (NAV) was recorded at 6.72%. This reflects a solid performance trend that may attract current and potential investors seeking reliable income-producing investments. The annualized current distribution rate, expressed as a percentage of NAV, stands at 7.06%, indicating a robust return for shareholders as the year-end approaches.
The December distribution aligns with the fund's managed distribution plan, which commits to consistent monthly payments, regardless of market conditions. This plan ensures that investors can expect regular income, which can be vital for those depending on dividends for their expenditure or reinvestment strategies.
Investors are cautioned against drawing direct conclusions about the fund's investment performance based solely on the distribution amounts. Notably, the amounts reported in this notice are estimates and the final figures for tax purposes may vary, depending on the fund's investment performance throughout the fiscal year. A Form 1099-DIV will be provided to shareholders for accurate tax reporting at year-end.
If you have inquiries about your investments or require more detailed information, it’s advisable to reach out to your financial advisor. Alternatively, shareholders may contact the John Hancock Investment Management Closed-End Fund Information Line for assistance.
John Hancock Investment Management is part of Manulife Financial Corporation, serving investors with a multimanager investment approach. This integrated strategy combines internal management capabilities with a network of specialized asset managers, created to enhance overall investment offerings. This approach not only benefits the fund’s operational framework but also maintains high standards for responsible investing, a growing imperative in today’s market.
In summary, the John Hancock Premium Dividend Fund has demonstrated a stable performance trajectory through its managed distribution plan, providing shareholders with timely income while bolstering investor confidence with its solid performance metrics and effective financial management.
Distribution Details
On December 2, 2024, the fund declared its monthly distribution to be paid on December 31, 2024. The distribution amount totals $0.0825 per common share for this period. The quarterly report includes details on the various sources that contributed to this distribution. The table presented shows an extensive breakdown of these sources, helping investors to better understand the financial underpinnings of the distribution.
| Source of Distribution | Amount ($) | Percentage Breakdown |
|---|---|---|
| --------- | -- | ---- |
| Net Investment Income | 0.0596 | 72% |
| Net Realized Short-Term Capital Gains | 0.0031 | 4% |
| Net Realized Long-Term Capital Gains | 0.0198 | 24% |
| Return of Capital or Other Capital Source | 0.0000 | 0% |
| Total per Common Share | 0.0825 | 100% |
From the above, it's evident that a significant portion of the monthly distribution ($0.0596/share or 72%) comes from net investment income, thereby reinforcing the fund's ability to sustain its payouts through active management of its portfolio. In the fiscal year-to-date, net investment income has also contributed substantially to the cumulative total payouts, accounting for 81% of distributions.
Importantly, there are key metrics reported regarding the fund’s performance. As of November 30, 2024, the average annual total return in relation to Net Asset Value (NAV) was recorded at 6.72%. This reflects a solid performance trend that may attract current and potential investors seeking reliable income-producing investments. The annualized current distribution rate, expressed as a percentage of NAV, stands at 7.06%, indicating a robust return for shareholders as the year-end approaches.
Managed Distribution Plan
The December distribution aligns with the fund's managed distribution plan, which commits to consistent monthly payments, regardless of market conditions. This plan ensures that investors can expect regular income, which can be vital for those depending on dividends for their expenditure or reinvestment strategies.
Important Considerations
Investors are cautioned against drawing direct conclusions about the fund's investment performance based solely on the distribution amounts. Notably, the amounts reported in this notice are estimates and the final figures for tax purposes may vary, depending on the fund's investment performance throughout the fiscal year. A Form 1099-DIV will be provided to shareholders for accurate tax reporting at year-end.
If you have inquiries about your investments or require more detailed information, it’s advisable to reach out to your financial advisor. Alternatively, shareholders may contact the John Hancock Investment Management Closed-End Fund Information Line for assistance.
Company Background
John Hancock Investment Management is part of Manulife Financial Corporation, serving investors with a multimanager investment approach. This integrated strategy combines internal management capabilities with a network of specialized asset managers, created to enhance overall investment offerings. This approach not only benefits the fund’s operational framework but also maintains high standards for responsible investing, a growing imperative in today’s market.
In summary, the John Hancock Premium Dividend Fund has demonstrated a stable performance trajectory through its managed distribution plan, providing shareholders with timely income while bolstering investor confidence with its solid performance metrics and effective financial management.
Topics Financial Services & Investing）
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