John Hancock Premium Dividend Fund

John Hancock Premium Dividend Fund (PDT) is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC, with co-management from John Hancock Asset Management. The fund primarily invests in dividend-paying preferred stocks and common stocks of companies operating across diversified sectors in the United States, with a particular emphasis on the utilities sector. Its investment strategy focuses on generating income through dividends, and it benchmarks its performance against a composite index comprising 70% Bank of America Merrill Lynch Preferred Stock DRD Eligible Index and 30% S&P 500 Utilities Index. The fund was formed on December 21, 1989, and was formerly known as John Hancock Patriot Premium Dividend Fund II.

John Hancock Premium Dividend Fund (PDT) is listed on the New York Stock Exchange (NYSE) and trades in U.S. dollars (USD). As a closed-end fund domiciled in the United States, its shares are publicly traded on this major U.S. exchange, providing liquidity to investors. The fund's listing on the NYSE and its USD denomination make it accessible primarily to U.S.-based investors, though international investors can also trade it through brokers that offer access to U.S. markets.

John Hancock Premium Dividend Fund (PDT) operates within the Financial Services sector and specifically in the Asset Management industry. As a closed-end fund, its primary business is managing a portfolio of securities—primarily dividend-paying preferred and common stocks—on behalf of its shareholders. The fund's asset management activities include selecting investments, monitoring performance, and distributing dividends, all of which fall under the broader financial services umbrella. Its focus on utilities and preferred stocks distinguishes it within the asset management space.

John Hancock Premium Dividend Fund (PDT) is domiciled in the United States and invests exclusively in the public equity markets of the United States. While the fund itself is a U.S.-based entity managed by John Hancock Investment Management LLC, its portfolio targets U.S. companies across diversified sectors, with an emphasis on the utilities sector. The fund does not have international exposure, as its investment mandate is limited to U.S. securities. This geographic concentration means its performance is tied to the U.S. economy and domestic market conditions.

John Hancock Premium Dividend Fund (PDT) generates returns primarily through dividend income and capital appreciation from its portfolio of preferred and common stocks. The fund focuses on dividend-paying securities, particularly preferred stocks and common stocks in the utilities sector, which are known for providing steady income. By investing in a diversified mix of these securities, the fund aims to distribute regular dividends to its shareholders. Additionally, any increase in the market value of the underlying holdings contributes to capital gains, which can enhance total returns. The fund's performance is benchmarked against a composite index, guiding its investment strategy.