Noni L. Ellison, a trustee of the John Hancock Preferred Income Fund (NYSE:HPI), recently acquired 670 common shares of beneficial interest in the fund. The purchase, executed on December 23, 2024, was made at a price of $16.78 per share, amounting to a total transaction value of $11,242. Following this acquisition, Ellison's total direct ownership in the fund stands at 1,473 shares. The fund, currently trading at $16.43, offers an attractive 8.99% dividend yield and has maintained dividend payments for 23 consecutive years. InvestingPro analysis reveals a strong financial health score of 3.12 (rated as "GREAT"), with additional insights showing the stock is currently in oversold territory based on RSI indicators. For complete insider trading analysis and 6 more exclusive ProTips, consider an InvestingPro subscription.
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