Dividend Flows Don’t Lie: Can John Hancock Pfd Income Fund II (NYSE:HPF) truly back claims of $0.14 dividends by Nov 30, 2016?

Dividend Flows Don't Lie: Can John Hancock Pfd Income Fund II (NYSE:HPF) truly back claims of $0.14 dividends by Nov 30, 2016?

John Hancock Pfd Income Fund II (NYSE:HPF) is expected to pay $0.14 on Nov 30, 2016. The indicated annual dividend is $1.68. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on John Hancock Pfd Income Fund II’s current price of $20.75, the dividend is 0.67%. This dividend’s record date is Nov 14, 2016 and the announcement date is Nov 2, 2016. The stock increased 0.53% or $0.11 on November 7, hitting $20.75. John Hancock Pref. Income Fund II (NYSE:HPF) has declined 1.15% since April 5, 2016 and is downtrending. It has underperformed by 3.11% the S&P500.

John Hancock Preferred Income Fund II is a closed-end management investment company. The company has a market cap of $431.54 million. The Fund’s primary investment objective is to provide a high level of current income consistent with preservation of capital. It currently has negative earnings. The Fund’s secondary investment objective is to provide growth of capital to the extent consistent with its primary investment objective.

Insitutional Activity: The institutional sentiment decreased to 0.78 in Q2 2016. Its down 0.27, from 1.05 in 2016Q1. The ratio dived, as 6 funds sold all John Hancock Pref. Income Fund II shares owned while 12 reduced positions. 1 funds bought stakes while 13 increased positions. They now own 1.25 million shares or 7.91% less from 1.36 million shares in 2016Q1.
Citigroup Inc has 0% invested in the company for 3,326 shares. The Germany-based Deutsche State Bank Ag has invested 0% in John Hancock Pref. Income Fund II (NYSE:HPF). Moreover, Manufacturers Life The has 0% invested in John Hancock Pref. Income Fund II (NYSE:HPF) for 1,515 shares. Morgan Stanley last reported 100,692 shares in the company. Koshinski Asset Mgmt Inc last reported 0% of its portfolio in the stock. Moreover, Inv Advisors Ltd Liability Corp has 0.25% invested in John Hancock Pref. Income Fund II (NYSE:HPF) for 115,520 shares. Royal Retail Bank Of Canada last reported 0% of its portfolio in the stock. Commonwealth Lc reported 700 shares or 0.02% of all its holdings. Next Group has invested 0% of its portfolio in John Hancock Pref. Income Fund II (NYSE:HPF). Natl Bank Of America De holds 0% of its portfolio in John Hancock Pref. Income Fund II (NYSE:HPF) for 18,806 shares. Provise Mngmt Gp last reported 11,500 shares in the company. Commonwealth Equity Serv accumulated 0.01% or 70,267 shares. Invesco Limited last reported 211,582 shares in the company. The Pennsylvania-based Pnc Services Grp Inc has invested 0% in John Hancock Pref. Income Fund II (NYSE:HPF). Inv Centers Of America Incorporated last reported 20,927 shares in the company.

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