TSX runs higher on rate cut expectations
In a notable surge, John Hancock Tax Advantaged Dividend Income Fund (HTD) stock has reached a 52-week high, trading at $23.89. The fund offers an attractive 6.97% dividend yield and has maintained consistent dividend payments for 22 consecutive years. This peak reflects a significant uptrend for the fund, with an impressive 30.49% return over the past year, significantly outperforming its initial reported gains. Investors have shown increased confidence in the fund’s strategy, which aims to provide a tax-advantaged dividend income, as it outperforms many of its peers and navigates through the complex market conditions. The fund’s performance, with a year-to-date return of 9.93% and a notably low P/E ratio of 3.21, underscores its resilience and the effectiveness of its investment approach. InvestingPro analysis reveals additional key metrics and insights about HTD’s financial health and growth potential, with 5 more exclusive ProTips available to subscribers.
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