PDT - HTD: Looking Like A Value
2024-03-21 10:52:38 ET
Summary
- John Hancock Tax-Advantaged Dividend Income Fund is back trading at an attractive relative and absolute discount.
- The HTD closed-end fund offers exposure to utility and fixed-income/preferred securities, which should perform well going forward after being beaten down by the higher-rate environment.
- HTD has delivered a steady monthly distribution, and while a distribution cut can never be 100% ruled out, I do suspect the payout is fairly safe for the time being.
Written by Nick Ackerman, co-produced by Stanford Chemist.
John Hancock Tax-Advantaged Dividend Income Fund ( HTD ) provides investors exposure to a diversified portfolio of utility and fixed-income/preferred securities. Thanks to a reader in our main Investing Group chat, HTD is once again back in my portfolio after a swap back from the John Hancock Premium Dividend Fund ( PDT )....
HTD: Looking Like A Value