William K. Bacic, a trustee of John Hancock Preferred Income Fund II (NYSE:HPF), has increased his stake in the fund. According to a recent filing, Bacic acquired 624 common shares of beneficial interest at a price of $16.06 per share on January 14, 2025. This purchase amounts to a total value of $10,021. Following this transaction, Bacic holds direct ownership of 624 shares. The fund, currently trading at a P/E ratio of 7.14 with a market capitalization of $354.71 million, offers an attractive dividend yield of 9.1% and has maintained dividend payments for 23 consecutive years. InvestingPro analysis reveals 6 additional key insights about HPF’s financial health and market position.
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