Caesars Entertainment misses Q2 earnings expectations, shares edge lower
Thomas Rowe Wright, a director at John Hancock Premium Dividend Fund (NYSE:PDT), recently acquired 929 common shares of beneficial interest in the company. The shares were purchased at an average price of $11.8475 each, totaling approximately $11,006. The fund, with a market capitalization of $596 million, currently offers an attractive 8.42% dividend yield and has maintained dividend payments for 36 consecutive years, according to InvestingPro data. This transaction increases Wright's direct ownership in the fund to 929 shares. The acquisition was reported in a recent SEC filing, highlighting Wright's continued investment in the fund. The timing of this purchase is notable as the fund's shares have declined nearly 10% over the past week, with technical indicators suggesting oversold conditions. InvestingPro analysis reveals several additional technical and fundamental indicators that could signal potential trading opportunities.
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