Business Description
John Hancock Premium Dividend Fund is a US-based closed-end fund that has been investing in American public companies since its formation in December 1989. Managed by John Hancock Investment Management LLC alongside John Hancock Asset Management, the fund focuses primarily on dividend-paying preferred and common stocks, with particular attention to the utilities sector. Its performance is measured against a combined benchmark made up of the Bank of America Merrill Lynch Preferred Stock DRD Eligible Index and the S&P 500 Utilities Index, weighted at 70% and 30% respectively.
