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John Hancock Patriot Premium Dividend Fund Ii
The stock symbol you provided, JHP, corresponds to the John Hancock Premium Dividend Fund II, which is a closed-end fund that focuses on equity securities. A closed-end fund is a type of investment company that raises a fixed amount of capital through an initial public offering (IPO) and then lists its shares on a stock exchange to be bought and sold by investors.
In terms of key statistics for the John Hancock Premium Dividend Fund II, as of February 28, 2022, the net asset value (NAV) of the fund was $13.32 per share, and the market price of the fund's shares was $12.53, representing a discount to NAV of approximately 6.65%. The fund's annual dividend rate is $0.93 per share, which translates to a yield of approximately 7.44% based on the market price.
The fund's investment objective is to seek a high level of current income, with a secondary objective of capital appreciation. To achieve this objective, the fund invests primarily in equity securities of large, well-established U.S. companies that have a history of paying dividends. The fund's portfolio is diversified across various sectors, with the top three sectors as of February 28, 2022, being Financials (23.4%), Industrials (19.2%), and Consumer Discretionary (13.3%).
Looking at the fund's performance, the total return for the last 12 months (as of February 28, 2022) was -12.15%, and the annualized total return for the past 5 years was 6.52%. However, it's important to note that past performance is not indicative of future performance.
In terms of growth, the fund's NAV and market price have fluctuated over time, and there have been periods of both growth and decline. However, the fund's primary objective is to provide a high level of current income, rather than capital appreciation, so its growth potential may be somewhat limited compared to other investment options.
In summary, the John Hancock Premium Dividend Fund II is a closed-end fund that focuses on equity securities and seeks to provide a high level of current income. Its performance and growth potential will depend on various factors, including market conditions and the performance of its underlying investments. As with any investment, it's important for investors to carefully consider their own investment objectives, risk tolerance, and financial circumstances before investing in the fund.